LTT on a £600,000 house in Wales
Buying a £600,000 home in Wales? A home mover pays £25,500 Land Transaction Tax, 4.25% of the price.
- Main rates
- £25,500
- Second home or buy-to-let
- £54,950
- Same price in England
- £20,000
- HMRC 2026/27 rates
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LTT on a £600,000 property in Wales is £25,500 for a home mover and £54,950 for a second home or buy-to-let.
How £25,500 is worked out
| Portion of the price | Rate | Tax |
|---|---|---|
| £0 to £225,000 | 0% | £0 |
| £225,000 to £400,000 | 6% | £10,500 |
| £400,000 to £600,000 | 8% | £15,000 |
| Total stamp duty | 4.25% | £25,500 |
£600,000 across the UK
Property tax on a home mover's £600,000 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 £600,000 purchase
With a 10% deposit you would borrow about £540,000. At 4.5% over 25 years that is £3,002 a month (see a £550,000 mortgage). Most lenders would want a household income of around £120,000: what £120,000 can borrow.
LTT on nearby prices
Questions people ask
Do first-time buyers pay less LTT on £600,000?
No. Wales has no first-time buyer relief, so first-time buyers pay the same £25,500 as anyone else. The nil rate band is already £225,000 for everyone.
How much LTT is due on a £600,000 second home or buy-to-let?
£54,950, using the higher residential rates that start at 5% from the first pound.
How does Wales compare with England on £600,000?
In England a home mover pays £20,000 stamp duty on £600,000, £5,500 less than the £25,500 LTT in Wales.