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.

Disclaimer

This publication is published for the information of clients. It provides only an overview of the regulations in force at the date of publication and no action should be taken without consulting the detailed legislation or seeking professional advice. Therefore no responsibility for loss occasioned by any person acting or refraining from action as a result of the material contained in this publication can be accepted by the authors or the firm.