LTT on a £300,000 house in Wales
Buying a £300,000 home in Wales? A home mover pays £4,500 Land Transaction Tax, 1.5% of the price.
- Main rates
- £4,500
- Second home or buy-to-let
- £19,950
- Same price in England
- £5,000
- HMRC 2026/27 rates
- Private: nothing leaves your device
- Free, no sign-up
LTT on a £300,000 property in Wales is £4,500 for a home mover and £19,950 for a second home or buy-to-let.
How £4,500 is worked out
| Portion of the price | Rate | Tax |
|---|---|---|
| £0 to £225,000 | 0% | £0 |
| £225,000 to £300,000 | 6% | £4,500 |
| Total stamp duty | 1.5% | £4,500 |
£300,000 across the UK
Property tax on a home mover's £300,000 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 £300,000 purchase
With a 10% deposit you would borrow about £270,000. At 4.5% over 25 years that is £1,501 a month (see a £270,000 mortgage). Most lenders would want a household income of around £60,000: what £60,000 can borrow.
LTT on nearby prices
Questions people ask
Do first-time buyers pay less LTT on £300,000?
No. Wales has no first-time buyer relief, so first-time buyers pay the same £4,500 as anyone else. The nil rate band is already £225,000 for everyone.
How much LTT is due on a £300,000 second home or buy-to-let?
£19,950, using the higher residential rates that start at 5% from the first pound.
How does Wales compare with England on £300,000?
In England a home mover pays £5,000 stamp duty on £300,000, £500 more than the £4,500 LTT in Wales.