LTT on £500,000 in Wales
Home Mover · Mid-market · 2025-26 & 2026-27 rates
2025-26 stamp duty bill
£18,000
Effective rate: 3.60%
LTT on a £500,000 property as a home mover in Wales is £18,000 for the 2025-26 tax year (effective rate 3.60%). The same purchase in 2026-27 is also £18,000 — bands and rates are unchanged year-on-year.
Band-by-band breakdown (Wales, 2025-26)
| Band | Taxable in this band | Rate | Tax |
|---|---|---|---|
| £0 – £225,000 | £225,000 | 0.00% | £0 |
| £225,001 – £400,000 | £175,000 | 6.0% | £10,500 |
| £400,001 – £750,000 | £100,000 | 7.5% | £7,500 |
| Total LTT due | £18,000 | ||
Same purchase in the other UK jurisdictions
A £500,000 purchase by a home mover costs different amounts depending on where the property sits — each jurisdiction sets its own bands.
| Jurisdiction | Tax | Total due | Effective rate |
|---|---|---|---|
| Wales (this page) | LTT | £18,000 | 3.60% |
| England & Northern Ireland | SDLT | £15,000 | 3.00% |
| Scotland | LBTT | £23,350 | 4.67% |
Different buyer type at £500,000
2026-27 rates
For 2026-27 the bands published by HMRC, Revenue Scotland, and the Welsh Revenue Authority are unchanged from 2025-26. The same £500,000 purchase as a home mover in Wales costs £18,000 in 2026-27 — identical to 2025-26 (subject to any future Budget changes).
Run your own scenario
Different price, different buyer type, or completing in a different tax year? The interactive Stamp Duty Calculator handles SDLT, LBTT, and LTT with full FTB and surcharge logic. Buying with a mortgage? Pair with the Relocation Calculator for total moving costs.
Frequently asked questions
How much LTT do you pay on a £500,000 property in Wales as a home mover?
For 2025-26, LTT on a £500,000 property in Wales as a home mover is £18,000 — an effective rate of 3.60% on the purchase price. For 2026-27 the figure is £18,000. The breakdown by band is shown in the table on this page.
How does LTT on £500,000 compare across the UK?
At £500,000 for a home mover, the same purchase costs £15,000 in England & Northern Ireland, £23,350 in Scotland. Wales's figure is £18,000. Differences come from the band thresholds and rates set by HMRC (England & NI), Revenue Scotland (LBTT), and the Welsh Revenue Authority (LTT).
Are these LTT rates the same in 2026-27?
Yes — for 2026-27 the bands and rates published by HMRC, Revenue Scotland, and the Welsh Revenue Authority are unchanged from 2025-26. The LTT on £500,000 as a home mover in Wales for 2026-27 is therefore £18,000, identical to the 2025-26 figure (subject to any future Budget changes).
Related Calculators
Mortgage Calculator
UK mortgage repayments with stamp duty, deposit, and total interest over the term.
First-Time Buyer Stamp Duty Calculator
FTB SDLT/LBTT/LTT — England £0–£300k relief with £500k cliff, Scotland £175k uncapped, Wales no relief.
Buy-to-Let & Second Home Stamp Duty Calculator
Additional-property surcharge: 5% England (Oct 2024), 8% Scotland ADS (Dec 2024), 5% Wales.