The short answer: Wales doesn’t have stamp duty — it has Land Transaction Tax (LTT). The nil-rate band is a generous £225,000, but there is no first-time buyer relief, and second homes use a separate higher-rate table.
LTT main residential rates 2026/27
| Portion of price | Rate |
|---|---|
| Up to £225,000 | 0% |
| £225,001 – £400,000 | 6% |
| £400,001 – £750,000 | 7.5% |
| £750,001 – £1,500,000 | 10% |
| Over £1,500,000 | 12% |
Higher rates (additional dwellings)
| Portion of price | Rate |
|---|---|
| Up to £180,000 | 5% |
| £180,001 – £250,000 | 8.5% |
| £250,001 – £400,000 | 10% |
| £400,001 – £750,000 | 12.5% |
| £750,001 – £1,500,000 | 15% |
| Over £1,500,000 | 17% |
Worked examples
| Property price | Main rates | Higher rates |
|---|---|---|
| £300,000 | £4,500 | £19,950 |
| £500,000 | £18,000 | £42,450 |
A £300,000 first home in Wales costs £4,500 in LTT — but the same buyer in England moving home would pay £5,000. The £225,000 nil band is kinder than England’s £125,000.
Questions, answered
Is LTT the same as stamp duty?
It’s Wales’s equivalent — a different tax with different bands, administered by the Welsh Revenue Authority.
I’m a first-time buyer in Wales. What relief do I get?
None specifically — but the £225,000 tax-free band applies to everyone, which is more generous than England’s £125,000.
When did the higher rates last change?
The higher-rate table above has applied since 11 December 2024.
Work out your exact bill
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Rates verified: October 2026 · Sources: gov.uk, Revenue Scotland, gov.wales. Estimates for guidance only — not financial or legal advice.