Last updated: The calculator has been updated to reflect changes in land and buildings transaction tax following the Mini Budget on 23rd September 2022.
To calculate the Land and Buildings Transaction Tax that may be payable on your planned purchase, simply put the purchase price into our calculator. It is important to note that this is an indicator only, your solicitor or tax consultant will advise you as to the actual tax that must be paid on completion.
Land and Buildings Transaction Tax Rates
LBTT is paid at different rates based on the purchase price of the property you are buying, the table below outlines the current rates and thresholds. Note - different rates apply to first time buyers and those purchasing a second, or additional, property.
| Property value | LBTT rate |
|---|---|
| Up to £145,000 | 0% |
| £145,001 to £250,000 | 2% |
| £250,001 to £325,000 | 5% |
| £325,001 to £750,000 | 10% |
| £750,001 + | 12% |
First Time Buyer LBTT Rates
Buyers purchasing their first property in Scotland benefit from a first time buyers relief, which increases the residential nil rate band of LBTT from £145,000 to £175,000.
| Property value | LBTT rate |
|---|---|
| Up to £175,000 | 0% |
| £175,001 to £250,000 | 2% |
| £250,001 to £325,000 | 5% |
| £325,001 to £750,000 | 10% |
| £750,001 + | 12% |
LBTT Rates on Additional Properties (Second Homes/Buy-to-Let)
The LBTT Additional Dwelling Supplement (ADS) on additional residential properties (such as second homes and buy-to-let property) increased from 4% to 6% with effect from 16 December 2022.
Need some more help with working out how much tax you'll need to pay? Get in touch today for some no-obligation advice.
