Calculate Land and Buildings Transaction Tax for properties in Scotland
Land and Buildings Transaction Tax (LBTT) replaced Stamp Duty in Scotland on 1st April 2015. LBTT has 5 residential tax bands and 3 commercial tax bands. The tax to be paid will depend on the price of the property. If the purchase price of the property is below £145,000 then no Land and Buildings Transaction Tax would need to be paid.
The amount of tax to pay is calculated by taking into account the bands the purchase price falls into (property tax bands highlighted in the table). The percentage rate for each band in LBTT is applied only to the part of the price over the relevant threshold and up to the next threshold.
Use our calculator below to work out how much Land and Buildings Transaction Tax you would need to pay.
Tax payable:
£31,350 £30,750 £16,350
Your effective tax rate is 5.41% 5.30% 2.82%
What kind of Land and Buildings Transaction Tax bands are there?
LBTT is a tax applied to residential and commercial land and buildings transactions (including commercial purchases and commercial leases) where a chargeable interest is acquired.
| Purchase Price | Rate - on that portion of purchase price |
|---|---|
| Up to £145,000 | 0% |
| Above £145,000 to £250,000 | 2% |
| Above £250,000 to £325,000 | 5% |
| Above £325,000 to £750,000 | 10% |
| Over £750,000 | 12% |
| Correct from 1st April 2016 | |
| Purchase Price | Rate - on that portion of purchase price |
|---|---|
| Up to £175,000 | 0% |
| Above £175,000 to £250,000 | 2% |
| Above £250,000 to £325,000 | 5% |
| Above £325,000 to £750,000 | 10% |
| Over £750,000 | 12% |
| Correct from 1st April 2016 | |
| Purchase Price | Rate - on that portion of purchase price |
|---|---|
| Up to £150,000 | 0% |
| Above £150,000 to £350,000 | 3% |
| Above £350,000 | 4.5% |
| Correct from 1st April 2016 | |
