LTT on a £625,000 house in Wales
Buying a £625,000 home in Wales? A home mover pays £27,375 Land Transaction Tax, 4.38% of the price.
- Main rates
- £27,375
- Second home or buy-to-let
- £58,075
- Same price in England
- £21,250
- HMRC 2026/27 rates
- Private: nothing leaves your device
- Free, no sign-up
LTT on a £625,000 property in Wales is £27,375 for a home mover and £58,075 for a second home or buy-to-let.
How £27,375 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 £625,000 | 8% | £16,875 |
| Total stamp duty | 4.38% | £27,375 |
£625,000 across the UK
Property tax on a home mover's £625,000 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 £625,000 purchase
With a 10% deposit you would borrow about £562,500. At 4.5% over 25 years that is £3,127 a month (see a £550,000 mortgage). Most lenders would want a household income of around £125,000: what £125,000 can borrow.
LTT on nearby prices
Questions people ask
Do first-time buyers pay less LTT on £625,000?
No. Wales has no first-time buyer relief, so first-time buyers pay the same £27,375 as anyone else. The nil rate band is already £225,000 for everyone.
How much LTT is due on a £625,000 second home or buy-to-let?
£58,075, using the higher residential rates that start at 5% from the first pound.
How does Wales compare with England on £625,000?
In England a home mover pays £21,250 stamp duty on £625,000, £6,125 less than the £27,375 LTT in Wales.