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Land and Buildings Transaction Tax (LBTT)

On the transfer of property in Scotland, the Land and Buildings Transaction Tax is:

Residential
Value up to £145,000	0%
Over £145,000 – £250,000	2%
Over £250,000 – £325,000	5%
Over £325,000 – £750,000	10%
Over £750,000	12%

 

Non-residential
Value up to £150,000	0%
Over £150,000 – £350,000	3%
Over £350,000	4.5%

 

The rates apply to the portion of the total value which falls within each band. Additional LBTT of 3% may apply to the purchase of additional residential properties from 1 April 2016.