LTT on a £250,000 house in Wales
Buying a £250,000 home in Wales? A home mover pays £1,500 Land Transaction Tax, 0.6% of the price.
- Main rates
- £1,500
- Second home or buy-to-let
- £14,950
- Same price in England
- £2,500
- HMRC 2026/27 rates
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LTT on a £250,000 property in Wales is £1,500 for a home mover and £14,950 for a second home or buy-to-let.
How £1,500 is worked out
| Portion of the price | Rate | Tax |
|---|---|---|
| £0 to £225,000 | 0% | £0 |
| £225,000 to £250,000 | 6% | £1,500 |
| Total stamp duty | 0.6% | £1,500 |
£250,000 across the UK
Property tax on a home mover's £250,000 purchase in each nation. Wales has the highest nil rate band at £225,000, so cheaper homes pay less than in England.
The rest of a £250,000 purchase
With a 10% deposit you would borrow about £225,000. At 4.5% over 25 years that is £1,251 a month (see a £220,000 mortgage). Most lenders would want a household income of around £50,000: what £50,000 can borrow.
LTT on nearby prices
Questions people ask
Do first-time buyers pay less LTT on £250,000?
No. Wales has no first-time buyer relief, so first-time buyers pay the same £1,500 as anyone else. The nil rate band is already £225,000 for everyone.
How much LTT is due on a £250,000 second home or buy-to-let?
£14,950, using the higher residential rates that start at 5% from the first pound.
How does Wales compare with England on £250,000?
In England a home mover pays £2,500 stamp duty on £250,000, £1,000 more than the £1,500 LTT in Wales.