Land and Buildings Transaction Tax
2023/24
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.
2022/23
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.