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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. 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.

Back to menu of allowances and rates

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