Monthly Land and Buildings Transaction Tax (LBTT) statistics: June 2025
Key points
- Residential LBTT, excluding Additional Dwelling Supplement (ADS), was £45.5m in June 2025. This was 24% higher than in May 2025 (£36.7m) and 17% higher than in June 2024 (£38.8m).
- Non-residential LBTT, excluding ADS, was £17.8m in June 2025. This was 11% higher than May 2025 (£16m) and 23% higher than June 2024 (£14.5m). Non-residential revenues are highly variable between months, due to the effect of small numbers of high value transactions.
Public appointment: Members appointed to the Revenue Scotland Board
The Minister for Public Finance announced the appointments of two new members to the Board of Revenue Scotland, Alison Macdonald and Gillian Wheeler.
Members
Alison Macdonald is a Chartered Banker with a financial services background. She has held senior leadership roles in Lloyds Banking Group, most recently as Chief Controls Officer - Insurance, Pensions & Investments.
LBTT7008 Partnership exemptions and reliefs
Exemptions and reliefs applicable to LBTT are applicable to Partnerships other than the exceptions below.
No exemption where there is no chargeable consideration
Where there is no chargeable consideration, the following are not exempt transactions:
LBTT7007 Ordinary partnership transactions
The following rules apply to land transactions entered into as buyer or on behalf of the members of a partnership other than transactions which fall within:
LBTT7006 Property investment partnerships (PIP)
Property investment partnerships (PIPs) are partnerships whose sole or main activity is investing or dealing in chargeable interests (including but is not restricted to carrying out construction operations on the land in question).
Chargeable interests include any interest which would be chargeable if it were in Scotland, but relates to land outwith Scotland. Partnerships holding such interests can fall within the definition of property investment partnership.
LBTT7005 Transfer involving leases
Where whole or part of the chargeable consideration for the transaction is rent under Parts 4 or 5, the leases schedule takes effect (Schedule 19) with the following modifications.
Transactions include:
- partnerships entering into a lease as tenant
- a partnership granting a lease to a partner
The chargeable consideration is reduced to take account of the partnership shares and interests of the partners involved in the lease if they had an interest prior to the lease agreement.
LBTT7004 Transfer between partnerships
Where there is a transfer of a chargeable interest from a partnership to a partnership and both Parts 4 & 5 apply, the modified calculation of chargeable consideration is not carried out. Instead, the chargeable consideration in such cases is the larger of the calculated amount using the relevant SLP for:
- a transfer into a partnership (Part 4)
- a transfer from a partnership (Part 5)
LBTT7003 Transfer out of a partnership
The transfer of a chargeable interest from a partnership under Part 5.
Certain rules apply when a chargeable interest is transferred from a partnership to:
- a person who is or was a partner, or
- a person connected with a person who is of has been one of the partners
Property that was partnership property before the partnership was dissolved or otherwise ceased to exist is treated as remaining partnership property until it is distributed.
LBTT7002 Transfer of chargeable interest to a partnership
The transfer of a chargeable interest to a partnership under Part 4.
Certain rules apply when a chargeable interest is transferred to a partnership by:
- a partner
- a person in return for an interest in the partnership i.e. who will become a partner; or
- a person connected to a partner or person who becomes a partner as a result or in connection with the transfer
A property-investment partnership may elect to disapply these rules. See more at LBTT7006 Property investment partnerships (PIP), Election by a PIP to disapply part 4 rules.