Land and Buildings Transaction Tax

On the transfer of property in Scotland.

Call: 028 9038 2637 or Email: accountants@michaelhunterandcompany.co.uk

On the transfer of property in Scotland, the Land and Buildings Transaction Tax is:

Residential

Consideration (£) Rate (%)
0 - 145,000 0
145,001 - 250,000 2
250,001 - 325,000 5
325,001 - 750,000 10
Over 750,000 12

The rates apply to the portion of the total value which falls within each band. Rates may be increased by 4% (3% prior to 25 January 2019) where further residential properties, costing over £40,000 are acquired.

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. Different rates and bands applied prior to 25 January 2019.

The Scottish government is planning to introduce a new relief for first-time buyers for purchases of up to £175,000, subject to consultation. Where a property costs more than this amount, first-time buyers will benefit from relief on the portion of the price below the threshold.

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