Land and Buildings Transaction Tax - LBTT - Scotland Calculator

Fill in the form below to calculate Scottish LBTT with the current 2021 rates applied. InTouch will automatically calculate the rates on your behalf. 😀

Would you like a calculator which works out LBTT and your legal fees as well?

Looking to calculate SDLT or LTT?
You can find our Stamp Duty and Land Tax Calculator for England and Northern Ireland here.

And our Welsh Land Transaction Tax Calculator here.

How much is LBTT in Scotland?

Land and Buildings Transaction Tax (LBTT) is a tax applied to residential and commercial land and buildings transactions (including commercial purchases and commercial leases) where a chargeable interest is acquired. You can find the applicable rates below.

Is there an LBTT holiday?

For transactions with an effective date between the 15th of July 2020 and the 31st of March 2021 (inclusive of these dates), a temporary increase in the nil rate band was in effect. The nil rate band during this period was set at £250,000 and was introduced in July 2020.

What were the LBTT Holiday rates?

Up until the 1st of April 2021 the nil rate band has been set to £250,000 for land and buildings transaction tax, whereas previous to the holiday the nil rate band was £145,000.

Purchase price

LBTT rate

Up to £250,000

0%

£250,001 to £325,000

5%

£325,001 to £750,000

10%

Over £750,000

12%


What are the LBTT rates after March 2021?

The Land and Buildings Transaction Tax (LBTT) will return to their previous levels from the first of April 2021 when the LBTT holiday ends. Scotland has elected to not extend the holiday as done in England, Northern Ireland, and Wales.

The following rates will apply;

Up to £145,000

0%

£145,001 to £250,000

2%

£250,001 to £325,000

5%

£325,001 to £750,000

10%

Over £750,000

12%

Who is eligible for the LBTT holiday?

All individuals completing the purchase of a property in Scotland before the 1st of April 2021.

Is LBTT the same as stamp duty?

Not precisely, Land and Buildings Transaction Tax (LBTT) replaced the UK Stamp Duty Land Tax (SDLT) in Scotland from the first of April 2015. LBTT is a tax applied to land and buildings transactions where a chargeable interest is acquired. It applies both to residential and commercial transactions (including commercial purchases and commercial leases).

Do first time buyers pay LBTT in Scotland?

Yes if the property price is over £175,000 which is higher than the £145,000 nil rate band which exists for persons who have owned a property in the past. If the price is over £175,000 first time buyers still benefit from the first time buyer's relief as tax is not being charged in respect of the first £175,000.

Note: The contents on this page should be treated as guidance only.