Land & Buildings Transaction Tax
Land and Buildings Transaction Tax (LBTT) is payable on land and property transactions in Scotland.
Residential property
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.
| 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 |
Non-residential property
| Consideration (£) | Rate (%) |
|---|---|
| 0 – 150,000 | 0 |
| 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.