LTT on £1,400,000 (Wales)
Not legal advice. This page has not been reviewed by a solicitor. The figures are official statistics run through our calculators, not a quote.
Rates last checked at source: 2026-11-02.
How much LTT is there on £1,400,000?
As of November 2026, LTT on a £1,400,000 home in Wales is £101,750 for a home mover or first-time buyer and £171,200 for a second home or buy-to-let. The figures below show each band and how the rate builds up, from the published Land Transaction Tax rates.
Updated
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Get a conveyancing quoteLand Transaction Tax on £1,400,000 by buyer
| Buyer | Tax | Effective rate |
|---|---|---|
| Home mover or first-time buyer | £101,750 | 7.27% |
| Second home or buy-to-let | £171,200 | 12.23% |
Home mover or first-time buyer: the bands
| Part of the price | Rate | Tax |
|---|---|---|
| £0 to £225,000 | 0% | £0 |
| £225,000 to £400,000 | 6% | £10,500 |
| £400,000 to £750,000 | 7.5% | £26,250 |
| £750,000 to £1,500,000 | 10% | £65,000 |
Second home or buy-to-let: the bands
| Part of the price | Rate | Tax |
|---|---|---|
| £0 to £180,000 | 5% | £9,000 |
| £180,000 to £250,000 | 8.5% | £5,950 |
| £250,000 to £400,000 | 10% | £15,000 |
| £400,000 to £750,000 | 12.5% | £43,750 |
| £750,000 to £1,500,000 | 15% | £97,500 |
Nearby prices: LTT on £1,300,000 (Wales) · LTT on £1,500,000 (Wales). Any other price: the Land Transaction Tax calculator.
More questions about LTT on £1,400,000
What is the effective rate of LTT on £1,400,000?
7.27% for a home mover or first-time buyer in Wales: £101,750 on £1,400,000. The rates are banded, so the top rate applies only to the part of the price in the top band.
Source: Welsh Revenue Authority, Land Transaction Tax rates and bands, rates checked 2 November 2026.
How much LTT is there on a second home at £1,400,000?
£171,200, £69,450 more than a home mover pays, at the higher residential rates.
Source: Welsh Revenue Authority, Land Transaction Tax rates and bands, rates checked 2 November 2026.
Where does the next LTT band start above £1,400,000?
The home-mover rate of 10% applies up to £1,500,000, £100,000 above this price; above that the next band's rate starts.
Source: Welsh Revenue Authority, Land Transaction Tax rates and bands, rates checked 2 November 2026.
Questions
How much LTT is there on a £1,400,000 house?
Sources
- Welsh Revenue Authority: Land Transaction Tax rates and bands
- Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017
Tax worked out with the published Land Transaction Tax rates, last checked at source on 2026-11-02. Contains public sector information licensed under the Open Government Licence v3.0. This page is general information, not legal advice, and hasn't been reviewed by a solicitor. Instrukt is not a law firm.