Land & Building Transaction Tax (LBTT) Calculator

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Land and Building Transaction Tax (LBTT) is a charge on property and land transactions in Scotland. Many will still think of this as ‘Stamp Duty’ which is payable when you buy a property. However, Land & Building Transaction Tax replaced Stamp Duty (‘Stamp Duty Land Tax’) in Scotland from April 2015.

You will pay a different tax when you buy a property in England or Northern Ireland – which is still called ‘Stamp Duty Land Tax’, or ‘Land Transaction Tax’ in Wales.

LBTT in Scotland is a progressive tax, meaning that the tax rate that applies, increases as the price of the property increases. There are 5 tax rate bands which make up the LBTT in Scotland. In July 2020 the Scottish Government announced that there will be a temporary increase in the ‘nil-rate’ band for LBTT residential property transactions from £145,000 to £250,000.

However, from the 1st April 2021 this has changed back. This means that for those purchasing a main residential property in Scotland, they will not need to pay any Land and Building Transaction Tax for property up to £250,000*.

The calculator below shows the LBTT that you could expect to pay in Scotland for your main residential property:

* Please note that the calculator above does not factor in any Additional Dwelling Supplement if that is applicable to you. Also this refers to purchases of residential properties only as opposed to non-residential or mixed property transactions.

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