Glossary · UK
What is LBTT?
Land and Buildings Transaction Tax — Scotland's equivalent of Stamp Duty.
Full Definition
LBTT (Land and Buildings Transaction Tax) replaced SDLT in Scotland on 1 April 2015. It applies to all Scottish residential and commercial property purchases above the zero-rate threshold of £145,000 (£175,000 for first-time buyers). Bands above that are 2% (£145–250k), 5% (£250–325k), 10% (£325–750k), 12% (above £750k). Additional Dwelling Supplement (ADS) of 8% applies to buy-to-let and second homes (raised from 6% on 5 December 2024). Administered by Revenue Scotland.
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Disclaimer: Definitions are for guidance only. For decisions about your tax, savings, property or pension situation, always consult a qualified professional or refer to gov.uk.