Land and Buildings Transaction Tax

On the transfer of property in Scotland.

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

Non-residential

Consideration (£) Rate (%)
0 - 150,000 0
150,001 - 350,000 3
Over 350,000 4.5

The rates apply to the portion of the total value which falls within each band. Additional LBTT of 3% may apply to the purchase of additional residential properties.

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About us

Ling Phipp was founded in 1974 and nowadays has two partners, five managers plus trainees and support staff.

We serve clients in the East Midlands and all over the UK. Our out-of-town location, with easy parking, close to the M1 junction 25 (Nottingham/Derby - A52), is very convenient.

Company details

0115 949 6838

Ling Phipp, Cliffe Hill House, 22-26 Nottingham Road, Stapleford, Nottingham NG9 8AA


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Registered to carry on audit work in the UK and Ireland and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales. Details about our audit registration can be viewed at www.auditregister.org.uk, under reference number 6424855. This is the firm number provided by the Institute of Chartered Accountants in England and Wales.