LTT main rates (from 10 October 2022)
| Part of the price | Rate |
|---|---|
| Up to £225,000 | 0% |
| £225,001 to £400,000 | 6% |
| £400,001 to £750,000 | 7.5% |
| £750,001 to £1.5 million | 10% |
| Over £1.5 million | 12% |
LTT higher rates (from 11 December 2024)
Higher rates apply to second homes and buy-to-let purchases of £40,000 or more.
| Part of the price | Rate |
|---|---|
| Up to £180,000 | 5% |
| £180,001 to £250,000 | 8.5% |
| £250,001 to £400,000 | 10% |
| £400,001 to £750,000 | 12.5% |
| £750,001 to £1.5 million | 15% |
| Over £1.5 million | 17% |
Frequently asked questions
Do first-time buyers pay LTT in Wales?
There is no special relief, but everyone pays 0% on the first £225,000 at main rates.
How much is LTT on a £300,000 house?
£4,500 at main rates. At higher rates for a second home it is £19,950.
Looking for a home in London?
Homes for saleTo rentThis calculator gives an estimate for guidance only. It is not financial or tax advice. Check the figures with your solicitor, mortgage broker or HMRC before you commit.