Newcastle: 01782 713700 , Nantwich: 01270 623821 , Market Drayton: 01630 698017 , Newport: 01952 811745

Land and Buildings Transaction Tax

2018/19

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 4% (3% prior to 25 January 2019)  where further residential properties, costing over £40,000, are acquired.

First-time buyer relief raises the zero tax threshold for first-time buyers from £145,000 to £175,000.

LBTT (Non-residential)

Consideration (£) Rate
0 - 150,000 Nil
150,001 - 250,000 1%
Over 250,000 5%

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.