Based on property / land value of £3,000/PCM 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
£
£
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 calculator should be used for guidance only - please visit https://revenue.scot/calculate-tax/calculate-property-transactions for the latest information