LTT on a £725,000 house in Wales
Buying a £725,000 home in Wales? A home mover pays £34,875 Land Transaction Tax, 4.81% of the price.
- Main rates
- £34,875
- Second home or buy-to-let
- £70,575
- Same price in England
- £26,250
- HMRC 2026/27 rates
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LTT on a £725,000 property in Wales is £34,875 for a home mover and £70,575 for a second home or buy-to-let.
How £34,875 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 £725,000 | 8% | £24,375 |
| Total stamp duty | 4.81% | £34,875 |
£725,000 across the UK
Property tax on a home mover's £725,000 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 £725,000 purchase
With a 10% deposit you would borrow about £652,500. At 4.5% over 25 years that is £3,627 a month (see a £650,000 mortgage). Most lenders would want a household income of around £145,000: what £145,000 can borrow.
LTT on nearby prices
Questions people ask
Do first-time buyers pay less LTT on £725,000?
No. Wales has no first-time buyer relief, so first-time buyers pay the same £34,875 as anyone else. The nil rate band is already £225,000 for everyone.
How much LTT is due on a £725,000 second home or buy-to-let?
£70,575, using the higher residential rates that start at 5% from the first pound.
How does Wales compare with England on £725,000?
In England a home mover pays £26,250 stamp duty on £725,000, £8,625 less than the £34,875 LTT in Wales.