Leases

This section provides information about LBTT and leases in Scotland including guidance on the Land and Buildings Transaction Tax (Scotland) Act 2013, a tax calculator for LBTT and how to submit a return.

In her Budget statement to Parliament on 06 February 2020, the Minister for Public Finance & Digital Economy, Kate Forbes, proposed changes to the LBTT tax rates and bands for lease transactions. These changes will take effect from 07 February 2020.

 

Three-year review of LBTT leases

The  Land and Buildings Transaction Tax (Scotland) Act 2013 sets out the legislative requirement for a tax return to be submitted for leases in Scotland in specific circumstances including:

  • Every three years from the effective date of the lease
  • On assignation
  • On termination

The first three-year review point for leases subject to LBTT is 1st April 2018.

Details on how to submit a lease review return.

Calculate LBTT for leases.

Practical information on how to submit lease returns and pay LBTT for both Agents and Tenants.

Quick links to useful documents.

Links to guidance and worked examples on lease transactions and three year reviews.

Frequently asked questions about leases.