Land and Buildings Transaction Tax 2016/17

Land and Buildings Transaction Tax

Land and buildings in Scotland

Rate♦

%

Residential

£

Non-residential

£

Rate

%

0 0 – 145,000 0 – 150,000 0
2 145,001 – 250,000 150,001 – 350,000 3
5 250,001 – 325,000 Over 350,000 4.5
10 325,001 – 750,000
12 Over 750,000

The rates apply to the portion of the total value which falls within each band in respect of transactions with an effective date on or after 1 April 2015.

♦Rates may be increased by 3% where further residential properties costing £40,000 or over are acquired on or after 1 April 2016.