Land Transaction Tax
LTT on £150,000 in Wales
Buying a £150,000 main residence in Wales costs £0 in Land Transaction Tax (LTT), an effective rate of 0.00%. Here is what every type of buyer pays.
By Buyer Type
| Buyer | LTT | Effective rate | Notes |
|---|---|---|---|
| Main residence (including first-time buyers) | £0 | 0.00% | Main residential rates; Wales has no separate first-time buyer relief. |
| Second home or buy-to-let | £7,500 | 5.00% | Higher residential rates apply to every band. |
How It Is Worked Out (Main Residence)
| £0 to £150,000 at 0% | £0 |
| Total | £0 |
Stamp duty on £150,000 in England · LBTT on £150,000 in Scotland
Belgrave in London
Talk to our London team
- A London buying agent who works only for youStart my property search
- Buy a home in London without being in LondonStart my London search
- Buy a London new build with someone checking the detailsCompare new developments
- Find the right London family home, without giving up your weekendsStart my family home search
How much LTT does a main residence (including first-time buyers) pay on £150,000?
£0, an effective rate of 0.00%. Main residential rates; Wales has no separate first-time buyer relief.
How much LTT does a second home or buy-to-let pay on £150,000?
£7,500, an effective rate of 5.00%. Higher residential rates apply to every band.
Is LTT more than stamp duty in England on £150,000?
A main-residence buyer pays £0 in Wales, against £500 in stamp duty in England and Northern Ireland at the same price.
Welsh residential LTT main rates and higher rates (higher rates from 11 December 2024). Wales has no first-time buyer relief or non-resident surcharge. A guide, not tax advice: your solicitor confirms the final figure.