If you’re buying a home in Scotland that costs more than £145,000, or £40,000 if it’s a second home, you’ll pay Land and Buildings Transaction Tax (LBTT).
Land and Buildings Transaction Tax calculator
Land and Buildings Transaction Tax calculator
Use our Land and Buildings Transaction Tax calculator to find out how much you’ll pay.
What is Land and Buildings Transaction Tax?
Land and Buildings Transaction Tax (LBTT) is a charge you’ll pay if you buy a property or piece of land in Scotland that costs over £145,000, or £40,000 if it’s a second home. It’s similar to Stamp Duty in England and Northern Ireland.
If you’re buying in Wales, find out more about Land Transaction Tax
If you’re buying in England or Northern Ireland, find out more about Stamp Duty
How much is Land and Buildings Transaction Tax?
Land and Buildings Transaction Tax is based on:
- the price of the property you’re buying
- if you’ll own more than one property, and
- if you (and anyone you’re buying with) is a first-time buyer:
- never owned a property before
- will use the property as your main home.
Our Land and Buildings Transaction Tax calculator can help you work out what you’ll need to pay.
| Property purchase price bands | Rate of tax you’ll pay |
|---|---|
|
£0 - £175,000 |
0% |
|
£175,001 - £250,000 |
2% |
|
£250,001 - £325,000 |
5% |
|
£325,001 - £750,000 |
10% |
|
Over £750,000 |
12% |
| Property purchase price bands | Rate of tax you’ll pay |
|---|---|
|
£0 - £145,000 |
0% |
|
£145,001 - £250,000 |
2% |
|
£250,001 - £325,000 |
5% |
|
£325,001 - £750,000 |
10% |
|
Over £750,000 |
12% |
| Property purchase price bands | Rate of tax you’ll pay |
|---|---|
|
£0 - £145,000 |
6% |
|
£145,001 - £250,000 |
8% |
|
£250,001 - £325,000 |
11% |
|
£325,001 - £750,000 |
16% |
|
Over £750,000 |
18% |
You’ll pay different rates if the price of your property spans more than one band.
For example, if your property costs £300,000, you’ll pay nothing on the first £145,000, 2% on the next £105,000, and 5% on the last £50,000. You’d pay an extra 6% on top if you’re buying a second home or buy-to-let property.
If you’re a first-time buyer you’ll pay nothing on the first £175,000, 2% on the next £75,000 and 5% on the last £50,000.
How to pay Land and Buildings Transaction Tax
You or your solicitor will need to submit a Land and Buildings Transaction Tax return, even if you don’t need to pay anything.
Either way, you’re responsible for making sure it’s all submitted on time.
How long do you have to pay Land and Buildings Transaction Tax?
You have 30 days after buying your property to submit a Land and Buildings Transaction Tax return and pay any tax due.
For more information on how and when to pay LBTTOpens in a new window visit the Revenue Scotlannd website
If you don’t submit a LBTT return and pay the tax, Revenue Scotland might charge you penalties and interest.
