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This calculator provides the amount of liability of LBTT on a property transaction, based on the approved rates and bands. See the Guidance section for more information.

Revision of LBTT on Property Transactions Calculator from 18 May 2018

Residential Non-residential
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£
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For non-residential or mixed property transactions, please include VAT chargeable where appropriate.


LBTT is a self-assessed tax and therefore Revenue Scotland does not accept liability for the use by taxpayers or agents of this calculator.

First-Time Buyer relief

The Scottish Government proposed introducing a First-Time Buyer relief in its 2018-19 Draft Budget in December. The relief will raise the zero tax threshold for first-time buyers from £145,000 to £175,000. First-time buyers purchasing a property above £175,000 will also benefit from the relief on the portion of the price below the threshold, which means all first-time buyers will benefit from the relief by up to £600.

The Scottish Government submitted the Land and Buildings Transaction Tax (First-Time Buyer Relief) (Scotland) Order 2018 to the Scottish Parliament on Thursday 17th May and, if approved by Parliament, the relief will apply to qualifying transactions where the effective date of the transaction is on or after 30 June 2018 and the contract was entered into on or after 9 February 2018.

The LBTT on Property Transactions calculator has been updated to assist first-time buyers and their agents in determining how much tax would be payable on their purchase if the relief is introduced and if it has been claimed.

Note: The legislation is currently still subject to parliamentary scrutiny so, until it has received parliamentary approval and been formally commenced into law, no such relief is available for properties purchased in Scotland that are chargeable to LBTT.

This calculator provides the amount of liability of LBTT on a property transaction, based on the approved rates and bands. See the Guidance section for more information.

Last updated: 
18 May 2018