Land and Buildings Transaction Tax

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

Residential

Consideration (£) Rate (%)
0 - 145,000 0
145,001 - 250,000 2
250,001 - 325,000 5
325,001 - 750,000 10
Over 750,000 12

Non-residential

Consideration (£) Rate (%)
0 - 150,000 0
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. Additional LBTT of 3% may apply to the purchase of additional residential properties.

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Davis Bonley, Northside House, Mount Pleasant, Barnet, Hertfordshire EN4 9EE , Davis Bonley is a trading name of Davis Bonley Limited, Northside House, Mount Pleasant, Barnet, Herts EN4 9EE. Company registration number 08989322. Regulated as auditors and regulated for a range of investment business activities by the Association of Chartered Certified Accountants. Awarded approved employer status for Association of Chartered Certified Accountants trainee and practising certificate development.

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