Answers · UK 2025/26
How much is Land Transaction Tax on a £500,000 house in Wales?
LTT on a £500,000 main residence in Wales for 2026/27 is £18,000, using the standard residential Land Transaction Tax bands. Wales offers no first-time buyer relief, so this figure applies to first-time buyers and home movers alike.
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For a £500,000 main residence purchase in Wales during 2026/27, Land Transaction Tax (LTT) is calculated using the standard residential bands: 0% on the first £225,000, 6% on the next £175,000 (£10,500), and 7.5% on the remaining £100,000 (£7,500). Adding these together gives total LTT of £18,000. Unlike England and Scotland, Wales offers no first-time buyer relief at all, so a first-time buyer purchasing this same £500,000 property pays exactly the same £18,000 as anyone else -- there is no discount or raised nil rate threshold for first-time buyers in the Welsh system. This makes Wales notably less generous to first-time buyers than England, where the relief would reduce SDLT on a £500,000 purchase from £15,000 to £10,000, or Scotland, where the raised threshold saves up to £600. Anyone buying this property as a second home or investment property in Wales would instead face the higher residential rates for additional properties, which would push the total LTT considerably higher, to roughly £42,450, reflecting Wales's comparatively steep additional property surcharge structure.
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This answer is informational only and does not constitute financial, tax or legal advice. Figures are for the 2025/26 UK tax year. See our methodology and sources.