Land Transaction Tax Calculator


LTT Calculator

Land Transaction Tax Calculator

Landlords in Wales can utilize the Land Transaction Tax (LTT) calculator provided below to estimate their tax liability when purchasing freehold residential properties. If a residential property in Wales costs more than £225,000, it is likely subject to LTT, which is paid to the Welsh Revenue Authority by the buyer within 30 days of purchase. LTT is calculated based on the chargeable consideration, typically the property’s price including fixtures and fittings.

It’s important to note that LTT differs from Stamp Duty Land Tax (SDLT), with LTT’s threshold being higher and no tax relief for first-time buyers in Wales. The Welsh Government increased the LTT threshold from £180,000 to £225,000 starting October 10, 2022, alongside a slight rise in the LTT rate for properties over £345,000.

This calculator provides an estimate of LTT based on the property’s purchase price, but it’s crucial to remember that the information here is for general guidance only and should not be construed as advice. Additionally, while efforts are made to ensure accuracy and currency, it may not cover all scenarios or properties in Wales.