Based on property / land value of £ there will be an approx. sum of £
LBTT
due.
Tax Band
%
Taxable Sum
Tax
Less than £250k
0
£
£
£250k to £925k
5
£
£
£925k to £1.5M
5
£
£
Over £1,500,000
10
£
£
Over £1.5 million
12
£
£
Over £1.5 million
12
£
£
Total
£
First time buyers purchasing a property above £175,000 will also beneift from the first time buyers relief on the portion of the property below £175,000
An additional dwelling purchased for less than £40k will attract 0% tax. For purchases from £40k to £145k the rate will be 6% on the full purchase price.
Percentage figures show LBTT and ADS rates combined. ADS is calculated in addition to LBTT and is applied at 6% to the total purchase price above £40k.
This LBTT calculator is designed to give you an idea of your LBTT Rate when buying a freehold residential property in Scotland. LLBT calculations are rounded down to the nearest pound. This LLBT guide is approx. as of 5th December 2024 and should be used for guidance only - please visit https://revenue.scot/calculate-tax/calculate-property-transactions for the latest information
