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%
 £145,000 – £250,000
 2% 
 £250,000 – £325,000
 5% 
 £325,000 – £750,000
 10% 
 Over £750,000
 12% 

Non-residential

 Consideration
 Rate
 £0 – £150,000
 0%
 £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.