Stamp duty for first time buyers has been abolished for most purchasers.
Stamp duty for buy to let property has increased substantially from April 2016.
Stamp duty for second homes also attracts a 3 percent surcharge from April. Mobile homes, caravans and houseboats are exempt.
Stamp duty refunds are available for home movers replacing their main residence. The original home must be sold within 3 years.
Stamp Duty in Scotland is now called Land and Buildings Transaction Tax (LBTT).
The calculators have been updated following the introduction of a LBTT holiday until 31st March 2021.
The LBTT calculators below indicate how much LBTT will be payable for freehold residential property purchases in Scotland.
LBTT calculations are provided for both single and additional dwellings and take into account the LBTT holiday which is available until 31st March 2021.
The Scottish LBTT system is broadly based on the Stamp Duty Land Tax (SDLT) scheme in England & Northern Ireland. LBTT rates increase in line with property price and LBTT rate thresholds have been introduced with clear demarcation between the different bands.
A land & buildings transaction tax holiday has now been implemented and will be applied to all residential purchases until 31st March 2021. The initial threshold has risen from £145,000 to £250,000.
Transactions involving an additional dwelling will continue to attract a 4% surcharge.
Additional dwelling purchases, including buy to let investments and second homes, will also benefit from the higher initial stamp duty threshold of £250,000. This means just the minimum 4% surcharge will be applied to transactions up to this amount.
New LBTT rates were introduced from April 2015. Under the new LBTT system buyers pay tax on amounts between bands, not on the full purchase price of a property.
Taxation rates in the rest of the UK are different to the LBTT rates in Scotland.
The current land and buildings transaction tax rates are shown in the table below:
|Tax Band||Normal Rate||Additional Dwelling *|
|less than £250k||0%||4%**|
|£250k to £325k||5%||9%|
|£325k to £750k||10%||14%|
|rest over £750k||12%||16%|
* Percentage figures show LBTT and ADS rates combined. ADS is calculated in addition to LBTT and is applied at 4% to the total purchase price above £40k.
** An additional dwelling purchased for less than £40k will attract 0% tax. For purchases from £40k to £250k the rate will be 4% on the full purchase price.
For a single property purchase, no tax will be paid on the first £250,000. Between £250,000 and £325,000 buyers will pay 5% within this band, 10% within the next band up to £750,000 and 12% over that.
Full details including LBTT rates for non residential property can be found on our LBTT rates page.
An "Additional Dwelling Supplement" was introduced in April 2016 and this now applies to all transactions involving the purchase of an additional property. Additional property types include buy to let investments and second homes.
In line with the rest of the UK, the surcharge applies to the full purchase price above an initial threshold of £40,000. From 25th January 2019 the Additional Dwelling Supplement has increased from 3% to 4%.
Please refer to our additional dwelling supplement page for more information.
The initial LBTT threshold for first time buyers has risen to £250k following the introduction of a land and buildings transaction tax holiday. This means the majority of first time buyers will no longer pay any LBTT.
First time buyer rates are temporarily in alignment with the rates for previous homeowners. This means everyone will now benefit from the LBTT holiday which is set to last until 31st March 2021.
For more information please visit our LBTT for first time buyers page.
Stamp duty calculations with new stamp duty thresholds. One ckick SDLT Calculations!
Following Changes in 2018, Land Transaction Tax (LTT) has replaced Stamp Duty in Wales.