The revised LBTT tax rates for homes in Scotland are below:

Purchase Price LBTT rate
0 to £145,000 Zero
£145,001 to £250,000 2%
£250,001 to £325,000 5%
£325,001 to £750,000 10%
£750,001 and over 12%

 

What were the changes?

  • The rate at which you pay LBTT has increased its 0% rate from £135,000 to £145,000; which is great news for those buying their first home.
  • Homes valued between £250,000 and £325,000 now have a new price band of 5%. This band price originally had a tax rate of 10%.
  • A reduction in the point at which the higher rate of 12% is payable from £1m to £750,000.
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