Land and Buildings Transaction Tax
Land and Buildings Transaction Tax (LBTT) is payable on land and property transactions in Scotland.
LBTT (Residential property)
|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% (3% prior to 25 January 2019) 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.
|0 - 150,000||0%|
|150,001 - 250,000||1%|
The rates apply to the portion of the total value which falls within each band. Different rates and bands applied prior to 25 January 2019.