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Land and Buildings Transaction Tax

Land and Buildings Transaction Tax (LBTT) is payable on land and property transactions in Scotland with an effective date on or after 1 April 2015.

Residential property

The rates apply to the portion of the total value which falls within each band. From April 2016 rates may be increased by 3% where further residential properties, costing over £40,000, are acquired which are not the individual’s principal private residence.

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

The rates apply to the portion of the total value which falls within each band in respect of transactions with an effective date on or after 1 April 2015. For transactions prior to 1 April 2015 see Stamp Duty Land Tax.

Consideration (£) Rate (%)
0 – 150,000 0
150,001 – 350,000 3
Over 350,000 4.5