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.

Revenue Scotland administers LBTT with support from Registers of Scotland (RoS).

A progressive tax

The structure of LBTT is designed so that the charge is more proportionate to the actual price of the property. The percentage rate for each band in LBTT is applied only to the part of the price over the relevant threshold and up to the next threshold.

Rates and Bands

The rates and bands for LBTT are set out under Calculating Tax - rates and bands.