LBTT Calculator Scotland
The equivalent to Stamp Duty in Scotland is called Land and Buildings Transaction Tax (LBTT) and it is due to be paid on any property you buy in Scotland over £145,000. The tax is worked out according to bands. The more expensive your property is, the more bands it will cover and the more you will pay.
LBTT Rates
Land and Buildings Transaction Tax rates are worked out according to the price of the property, and the rates are organised by tax bands. The more expensive the property is, the more you’ll pay in LBTT.
| Purchase price bands (£) | Percentage rate (%) |
|---|---|
| Up to £145,000 | 0% |
| £145,001 to £250,000 | 2% |
| £250,001 to £325,000 | 5% |
| £325,001 to £750,000 | 10% |
| Above £750,000 | 12% |
Land and Buildings Transaction Tax Calculator
If you are buying a property in Scotland, you can work out how much LBTT you have to pay easily by using our Land and Buildings Transaction Tax Calculator. Simply put in how much the property you are buying is worth, whether you’re a first time buyer or if it’s a second home, and you’ll immediately find out how much LBTT you’re due to pay.
Second Home in Scotland
If you’re buying a second home, or a buy to let property in Scotland, you will pay a higher rate of LBTT.
| Purchase price bands (£) | Percentage rate (%) |
|---|---|
| Up to £145,000 | 4% |
| £145,001 to £250,000 | 6% |
| £250,001 to £325,000 | 9% |
| £325,001 to £750,000 | 14% |
| Above £750,000 | 16% |
LBTT First Time Buyer Calculator
If you’re a first time buyer in Scotland, there are some exemptions when it comes to paying Land and Buildings Transaction Tax. If you are buying a property up to the value of £175,000 you will not pay LBTT. If you are buying a property that is over that threshold, you’ll pay nothing up to £175,000 and then pay LBTT on anything over that. Which means all first time buyers at the very least will get a saving of £600.