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| Tax Band | Normal Rate | Additional Property |
|---|---|---|
|
Less then £ 145k |
0% |
4% |
|
£145k to £250k |
2% |
6% |
|
£250k to £325k |
5% |
9% |
|
£325k to £750k |
10% |
14% |
|
rest over £750k |
12% |
16% |
Land and Buildings Transaction Tax (LBTT) is Scotland’s version of UK’s Stamp Duty Tax.
The Scottish government announced that a temporary rise in the stamp duty threshold from £145,000 to £250,000 will take immediate effect from the 15th July 2020, running until 31st March 2021.
This means purchases under £250,000 will attract no LBTT.
Use our Land and Buildings Transaction Tax data table above to work out how much you might have to pay.
Enter a few details and we can work out how much you could borrow towards your new home.
Use our Land and Buildings Transaction Tax data to work out how much you might have to pay.
Use our Stamp Duty data to work out if you’ll have to pay stamp duty and if so, how much.
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.
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TMR Financial Solutions is a trading name of Your Expert Mortgage and Protection Ltd which is an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the Financial Conduct Authority.
Your Expert Mortgage and Protection. Registered Office: 89 West Regent Street, Glasgow, Scotland, G2 2BA. Registered in Scotland number: SC674157.