LTT on a £700,000 house in Wales
Buying a £700,000 home in Wales? A home mover pays £33,000 Land Transaction Tax, 4.71% of the price.
- Main rates
- £33,000
- Second home or buy-to-let
- £67,450
- Same price in England
- £25,000
- HMRC 2026/27 rates
- Private: nothing leaves your device
- Free, no sign-up
LTT on a £700,000 property in Wales is £33,000 for a home mover and £67,450 for a second home or buy-to-let.
How £33,000 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 £700,000 | 8% | £22,500 |
| Total stamp duty | 4.71% | £33,000 |
£700,000 across the UK
Property tax on a home mover's £700,000 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 £700,000 purchase
With a 10% deposit you would borrow about £630,000. At 4.5% over 25 years that is £3,502 a month (see a £625,000 mortgage). Most lenders would want a household income of around £140,000: what £140,000 can borrow.
LTT on nearby prices
Questions people ask
Do first-time buyers pay less LTT on £700,000?
No. Wales has no first-time buyer relief, so first-time buyers pay the same £33,000 as anyone else. The nil rate band is already £225,000 for everyone.
How much LTT is due on a £700,000 second home or buy-to-let?
£67,450, using the higher residential rates that start at 5% from the first pound.
How does Wales compare with England on £700,000?
In England a home mover pays £25,000 stamp duty on £700,000, £8,000 less than the £33,000 LTT in Wales.