In Wales, Stamp Duty is called Land Transaction Tax or LTT for short.
LTT is a tax payable when you buy or take a leasehold on property and land in Wales.
Wales used to have the same Stamp Duty system as the rest of the UK but it brought in its own system as of April 2018. Although the basic concept of Land Transaction Tax is the same as Stamp Duty – it is a tax on buying property – both the way it works and the tax rates are different.
The LTT system in Wales, plus the fact that average property prices in Wales are lower – as of February 2023 the average property price in Wales is £215,000 – means that many house buyers in Wales don’t actually pay LTT.
Please note that the calculator and tables on this page should be used as a guide only. Tax legislation is subject to change and while we endeavour to be as up-to-date as possible, you may find that we are not. With all financial matters, you should always seek expert advice.