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 | Nil | | 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 | Nil | | 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 from 1 April 2016.
