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Land and Buildings Transaction Tax

Land and Buildings Transaction Tax (LBTT) is Scotland's version of UK's Stamp Duty Tax. LBTT applies to any residential property purchase over £145,000. For second properties, it applies for purchases over £40,000. LBTT can range between 0-12% dependent on the purchase price of the property. An additional 3% is applicable to second properties.

Your first home stamp duty would be

0
Your second home stamp duty would be
0

First Home

Property Price Rate Tax Calculation
£0 - £145,000 0%
£145,000.01 - £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 3%
£145,000.01 - £250,000 5%
£250,000.01 - £325,000 8%
£325,000.01 - £750,000 13%
£750,000.01 + 15%

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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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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 will 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.

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