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Land and Buildings Transaction Tax

2020/21

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.

Residential rates may be increased by 4% 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.

LBTT (Non-residential)

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

The rates apply to the portion of the total value which falls within each band.

2019/20

Land and Buildings Transaction Tax (LBTT) is payable on land and property transactions in Scotland.

LBTT (Residential property)

Consideration (£) Rate
0 - 250,000 0%
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 apply from 15 July 2020 to 31 March 2021.

Residential rates may be increased by 4% where further residential properties, costing over £40,000, are acquired.

LBTT (Non-residential)

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

The rates apply to the portion of the total value which falls within each band.