LTT First Time Buyers

LTT rates & calculations

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Stamp Duty News

Stamp duty for first time buyers has been abolished for most purchasers.

Stamp duty for buy to let property has increased substantially from April 2016.

Stamp duty for second homes also attracts a 3 percent surcharge from April. Mobile homes, caravans and houseboats are exempt.

Stamp duty refunds are available for home movers replacing their main residence. The original home must be sold within 3 years.

Stamp duty calculations are different in England and Northern Ireland to LBTT calculations in Scotland and LTT calculations in Wales.

LTT First Time Buyer Relief

Specific first time buyer relief is not currently available under the Welsh LTT system.

LTT for first time buyers

The new LTT system was announced by the Welsh Government in the October 2017 Budget and came into force in April 2018.

There is no specific relief for first time buyers in Wales which means first time buyers will pay the same LTT as home movers.

With the initial threshold of £180k the Welsh Government predict that many first time buyers will not pay any tax when buying their first home.

What are the current LTT rates?

The LTT rates for the purchase of a single property are shown in the table below. The LTT rates take into account the LTT holiday which applies to single property transactions until 30th June 2021.

Tax Band LTT Rate
less than £180k 0%
£180k to £250k 3.5%
£250k to £400k 5%
£400k to £750k 7.5%
£750k to £1.5m 10%
rest over £1.5m 12%
The LTT calculator is designed to give you an idea of your LTT liability when buying a freehold residential property in Wales. LTT calculations are rounded down to the nearest pound. The information on this page should be used for guidance only.
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Following Changes in 2018, Land Transaction Tax (LTT) has replaced Stamp Duty in Wales.

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Stamp Duty in Scotland is now called Land and Buildings Transaction Tax (LBTT).