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Land and Buildings Transaction Tax (LBTT) is payable on land and property transactions in Scotland.
|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.
Without a doubt, the association we have with Sence Accounting has been outstanding due to the forward thinking nature of the whole team matched by their highest level of professionalism.
Edward Hands and Lewis