LBTT (Residential property)
|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.
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.