LTT on a £675,000 house in Wales
Buying a £675,000 home in Wales? A home mover pays £31,125 Land Transaction Tax, 4.61% of the price.
- Main rates
- £31,125
- Second home or buy-to-let
- £64,325
- Same price in England
- £23,750
- HMRC 2026/27 rates
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LTT on a £675,000 property in Wales is £31,125 for a home mover and £64,325 for a second home or buy-to-let.
How £31,125 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 £675,000 | 8% | £20,625 |
| Total stamp duty | 4.61% | £31,125 |
£675,000 across the UK
Property tax on a home mover's £675,000 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 £675,000 purchase
With a 10% deposit you would borrow about £607,500. At 4.5% over 25 years that is £3,377 a month (see a £600,000 mortgage). Most lenders would want a household income of around £135,000: what £135,000 can borrow.
LTT on nearby prices
Questions people ask
Do first-time buyers pay less LTT on £675,000?
No. Wales has no first-time buyer relief, so first-time buyers pay the same £31,125 as anyone else. The nil rate band is already £225,000 for everyone.
How much LTT is due on a £675,000 second home or buy-to-let?
£64,325, using the higher residential rates that start at 5% from the first pound.
How does Wales compare with England on £675,000?
In England a home mover pays £23,750 stamp duty on £675,000, £7,375 less than the £31,125 LTT in Wales.