Land and Buildings Transaction Tax

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.

The Scottish government is planning to introduce a new relief for first-time homebuyers for purchases up to £175,000, subject to consultation. Where a property costs more than this amount, first-time buyers will benefit from relief on the portion of the price below the threshold.