Land and Buildings Transaction Tax (LBTT) is payable on land and property transactions in Scotland.
LBTT (Residential property)
| Consideration (£) | Rate |
|---|---|
| 0 - 145,000 | 0% |
| 145,001 - 250,000 | 2% |
| 250,001 - 325,000 | 5% |
| 325,001 - 750,000 | 10% |
| 750,001 and above | 12% |
The rates apply to the portion of the total value which falls within each band.
Residential rates may be increased by 6% where further residential properties, costing over £40,000, are acquired.
First-time Buyer relief raises the zero rate tax threshold for first-time buyers from £145,000 to £175,000.
LBTT (Non-residential)
| Consideration (£) | Rate |
|---|---|
| 0 - 150,000 | 0% |
| 150,001 - 250,000 | 1% |
| Over 250,000 | 5% |
The rates apply to the portion of the total value which falls within each band.
Land and Buildings Transaction Tax (LBTT) is payable on land and property transactions in Scotland.
LBTT (Residential property)
| Consideration (£) | Rate |
|---|---|
| 0 - 145,000 | 0% |
| 145,001 - 250,000 | 2% |
| 250,001 - 325,000 | 5% |
| 325,001 - 750,000 | 10% |
| 750,001 and above | 12% |
The rates apply to the portion of the total value which falls within each band.
Residential rates may be increased by 4% where further residential properties, costing over £40,000, are acquired.
First-time Buyer relief raises the zero rate tax threshold for first-time buyers from £145,000 to £175,000.
LBTT (Non-residential)
| Consideration (£) | Rate |
|---|---|
| 0 - 150,000 | 0% |
| 150,001 - 250,000 | 1% |
| Over 250,000 | 5% |
The rates apply to the portion of the total value which falls within each band.