Property tax
Stamp Duty in Wales: Land Transaction Tax Explained
In Wales there is no “stamp duty” — it was replaced by LTT (Land Transaction Tax) in 2018, collected by the Welsh Revenue Authority. The buyer pays LTT on purchases above the threshold, with higher rates for additional properties. As a seller you don’t pay LTT, but understanding it helps you judge buyer affordability and your own onward purchase.
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LTT, not stamp duty
Wales sets its own residential property tax. LTT works in bands like the old stamp duty: nothing below the starting threshold, then rising percentages on the portions above each band. Rates and thresholds are set by the Welsh Government and change periodically — always check the current WRA figures.
Higher rates and reliefs
Buyers of additional properties (second homes, buy-to-lets) pay a higher-rate surcharge. First-time-buyer treatment differs from England. Use the official WRA LTT calculator for an exact figure on a given price.
What sellers should know
You don’t pay LTT to sell, but a buyer’s LTT bill affects their budget and offer. If you’re buying onward in Wales, factor LTT (and any higher-rate surcharge) into your figures — see buying before selling.
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Written & reviewed by Lisa Hayes, Founder
Lisa Hayes is the founder of Ready Steady Sell and an independent UK home-selling expert with over a decade helping homeowners weigh cash house buyers, property investors and the wider fast house-sale industry — without pressure or hidden fees. Every guide is reviewed for accuracy under our editorial standards.
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Frequently asked questions
Straight answers, no sales talk
Is there stamp duty in Wales?
No — Wales replaced stamp duty with Land Transaction Tax (LTT) in 2018, collected by the Welsh Revenue Authority. The buyer pays it on purchases above the threshold.
Who pays Land Transaction Tax?
The buyer, not the seller. Higher rates apply to additional properties such as second homes and buy-to-lets. Use the WRA calculator for the exact amount on a given price.