Professional Finance and Mortgage Advice

Land and Buildings Tax - Scotland

Stamp Duty in Scotland is now called Land and Buildings Transaction Tax (LBTT).

The Scottish LBTT system is broadly based on the existing SDLT scheme. LBTT rates increase in line with property price and LBTT rate thresholds have been introduced with clear demarcation between the different bands.

Tax treatment is based on individual circumstances and may be subject to change in the future.

Information is based on our current understanding of taxation legislation and regulations. Any levels and bases of, and reliefs from taxation, are subject to change.

The Financial Conduct Authority does not regulate tax planning.




Rates if you're buying your first home

You can claim a discount (relief) so you don't pay any tax up to £175,000 and 2% on the portion from £175,001 to £250,000.

If the price is over £250,000, you follow the rules for people who've bought a home before.




Rates if you've bought a home before

Up to £145,000 Zero
The next £105,000 (the portion from £145,001 to £250,000) 2%
The next £75,000 (the portion from £250,001 to £325,000) 5%
The next £425,000 (the portion from £325,001 to £750,000) 10%
The remaining amount (the portion above £750,000) 12%




Higher rates for additional properties

You'll usually have to pay 4% on top of the normal LBTT rates if buying a new residential property means you'll own more than one.




If you're replacing your main residence

You won't pay the extra 4% LBTT if the property you're buying is replacing your main residence and that has already been sold.

If there's a delay selling your main residence and it hasn't been sold on the day you complete your new purchase:

  • you'll have to pay higher rates because you own 2 properties
  • you may be able to get a refund if you sell your previous main home within 36 months



See full stamp duty land tax - Scotland.

Purchase Price:
Buyer Type: First Time Buyer
Single Property
Additional Property
 
Stamp Duty: £0

This is only an indication of stamp duty costs.

First Time Buyer £250,000 or below

Tax Band % Taxable Sum Tax
£175k to £250k 2 £0 £0

Single Purchase (or FTB above £250,000)

Tax Band % Taxable Sum Tax
less than £145k 0 £0 £0
£145k to £250k 2 £0 £0
£250k to £325k 5 £0 £0
£325k to £750k 10 £0 £0
rest over £750k 12 £0 £0

Second Home

Tax Band % Taxable Sum Tax
less than £145k 4 £0 £0
£145k to £250k 6 £0 £0
£250k to £325k 9 £0 £0
£325k to £750k 14 £0 £0
rest over £750k 16 £0 £0