Land and Buildings Transactions Tax (LBTT) was introduced in Scotland in april 2015, replacing UK Stamp Duty. UK Stamp Duty still applies in England and Wales.

The revised LBTT tax rates and bands for homes in Scotland are:

Purchase Price

LBTT rate

0 to £145,000

Zero

£145,001 to £250,000

2.0%

£250,001 to £325,000

5.0%

£325,001 to £750,000

10.0%

£750,001 and over

12.0%

What were the changes?
  • A new 5% band between £250,000 - £325,000. You now pay less tax on homes in this bracket, which originally faced a 10% rate.
  • An increased 0% rate from £135,000 to £145,000. Welcome news for first time buyers. 
  • A reduction in the point at which the higher rate of 12% is payable from £1m to £750,000.

View full terms and conditions.