Land and Buildings Transaction Tax
Land and Buildings Transaction Tax (LBTT) is Scotland's version of UK's Stamp Duty Tax.
The Scottish government announced that a temporary rise in the stamp duty threshold from £145,000 to £250,000 will take immediate effect from the 15th July 2020, running until 31st March 2021.
This means purchases under £250,000 will attract no LBTT. More details of this announcement are here.
Use our Land and Buildings Transaction Tax calculator below to work out how much you might have to pay.
Your first home stamp duty would be
First Home
| Property Price | Rate | Tax Calculation |
|---|---|---|
| £0 - £175,000 | 0% | |
| £175,000.01 - £250,000 | 2% | |
| £250,000.01 - £325,000 | 5% | |
| £325,000.01 - £750,000 | 10% | |
| £750,000.01 + | 12% |
Second Home
| Property Price | Rate | Tax Calculation |
|---|---|---|
| £0 - £145,000 | 4% | |
| £145,000.01 - £250,000 | 6% | |
| £250,000.01 - £325,000 | 9% | |
| £325,000.01 - £750,000 | 14% | |
| £750,000.01 + | 16% |
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Stamp duty calculator
Stamp Duty Land Tax is a fee you will have to pay if the property you’re purchasing is £125,001 or over.
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Remortgage
By entering a few details, we can search for the right mortgage deal for you.
Moving Home
By entering a few details, we can search for the right mortgage deal for you.
Because we play by the book we want to tell you that…
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances.
The fee is up to 1% but a typical fee is 0.3% of the amount borrowed.