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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 – 145,0000%
145,001 – 250,0002%
250,001 – 325,0005%
325,001 – 750,00010%
750,001 and above12%

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 – 150,0000%
150,001 – 250,0001%
Over 250,0005%

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