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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 - 145,000 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.

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. Different rates and bands applied prior to 25 January 2019.

Back to menu of allowances and rates

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