Land and Buildings Transaction Tax
Land and Buildings Transaction Tax (LBTT) is Scotland's version of UK's Stamp Duty Tax. This tax applies to any residential property purchase over £145,000. For second properties, it applies for purchases over £40,000. LBTT can range between 0-12% dependent on the purchase price of the property. An additional 3% is applicable to second properties. Use our LBTT calculator to work out how much you are likely to pay.
Your first home stamp duty would be
Your stamp duty from 1st April 2021 will be
First Home
| Property Price | Rate | Tax Calculation |
|---|---|---|
| £0 - £250,000 | 0% | |
| £250,000.01 - £325,000 | 5% | |
| £325,000.01 - £750,000 | 10% | |
| £750,000.01 + | 12% |
Second Home
| Property Price | Rate | Tax Calculation |
|---|---|---|
| £0 - £250,000 | 4% | |
| £250,000.01 - £325,000 | 9% | |
| £325,000.01 - £750,000 | 14% | |
| £750,000.01 + | 16% |
Need more help? Speak to us on 0800 085 0118
How can we help?
How much can I borrow?
By entering a few simple details, we can help you work out how much you could borrow towards your new home.
Mortgage repayment calculator
By entering some key details, we can help you calculate your monthly mortgage repayments.
Stamp duty calculator
Stamp Duty Land Tax is a fee you will have to pay if the property you’re purchasing is £125,001 or over.
Because we play by the book we want to tell you that…
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances.
The fee is up to 1% but a typical fee is 0.3% of the amount borrowed.