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 - 145,0000%
145,001 - 250,0002%
250,001 - 325,0005%
325,001 - 750,00010%
750,001 and above12%

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 - 150,0000%
150,001 - 250,0001%
Over 250,0005%

The rates apply to the portion of the total value which falls within each band.