Land and Buildings Transaction Tax

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. Rates may be increased by 3% where further residential properties, costing over £40,000, are acquired.

LBTT (Non-residential)

Consideration (£)	Rate
0 – 150,000	Nil
150,001 – 350,000	3%
Over 350,000	4.5%

The rates apply to the portion of the total value which falls within each band.