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What are the Land and Buildings Transaction Tax (LBTT) rates?

Land and Buildings Transaction Tax (LBTT) is a tax on land transactions in Scotland.

The English version is called Stamp Duty Land Tax (SDLT).

The Welsh version is called Welsh Land Transaction Tax (LTT).

LBTT rates

Residential property rates

From 1 April 2021

Band: market price £

Tax rate

Up to 145,000

0%

145,000 – 250,000

2%

250,000 - 325,000

5%

325,000 - 750,000

10%

750,000 and over

12%

 

From 15 July 2020 – 31 March 2021

Band: market price £

Tax rate

Up to 250,000

0%

250,000 – 325,000

5%

325,000 – 750,000

10%

750,000 and over

12%

From 1 April 2016 – 14 July 2020

Band: market price £

Tax rate

Up to 145,000

0%

145,000 – 250,000

2%

250,000 - 325,000

5%

325,000 - 750,000

10%

750,000 and over

12%

Rates for the Additional Dwelling Supplement (ADS) and non-residential LBTT remain unchanged.

From 1 April 2016 onwards

Band: market price £

Tax rate

Up to 145,000

0%

145,000 – 250,000

2%

250,000 - 325,000

5%

325,000 - 750,000

10%

750,000 and over

12%

First-time buyers

From 30 June 2018 – 14 July 2020 and 1 April 2021 onwards

Band: market price £

Tax rate

Up to 175,000

0%

175,000 – 250,000

2%

250,000 - 325,000

5%

325,000 - 750,000

10%

750,000 and over

12%

Non-residential property transactions on or after 25 January 2019

Band: market price £

Tax rate

Up to £150,000     

0%

£150,000 - £250,000                

1%       

Above £250,000

5%

Non-residential property transactions before 25 January 2019

Band: market price £

Tax rate

Up to £150,000

0%

£150,000 - £350,000

3%

Above £350,000

4.5%

 

LBTT At a glance

The Land and Buildings Transaction Tax (LBTT) is a tax on land transactions in Scotland. It replaced Stamp Duty Land Tax (SDLT) on 1 April 2015.

Since 1 April 2018 SDLT only applies to properties in England and Northern Ireland.

Coronavirus: Temporary increased nil rate band

Time limits and penalties


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