Cashback Remortgages · Buying across the UK
Welsh Land Transaction Tax (LTT) Explained
Wales uses Land Transaction Tax (LTT), administered by the Welsh Revenue Authority, instead of Stamp Duty. Its bands and rules differ from England's.
How LTT works
LTT is charged in bands on the price, with a higher-rate surcharge on additional properties. There is no direct equivalent to England's first-time buyer relief, so do not assume English rules apply.
Thresholds can change, so check the current position.
Confirm your position
Your conveyancer calculates the LTT due. Use current Welsh Government guidance rather than an England-based figure.
Sources and further reading
General mortgage information, not a personal recommendation. Lender criteria and scheme rules can change. Ask an adviser about your circumstances and a solicitor or tax adviser about legal or tax questions. Your home may be repossessed if you do not keep up repayments on your mortgage. Most buy-to-let mortgages are not regulated by the FCA.
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Understand your options before you make a decision.