Calculate Your LBTT

Please enter a number
Calculate your LBTT

Result

Taxable Sum
320,000
LBTT to pay
12,250
Effective Rate: 1.67%

How the Calculator works

Tax Band % Taxable Sum TAX
£0 - £145,000 0% £0 £0
£145,001 - £250,000 2% £0 £0
£250,001 - £325,000 5% £0 £0
£325,001 - £750,000 10% £0 £0
£750,001 + 12% £0 £0
Tax Band %
£0 - £145,000 3%
£145,001 - £250,000 5%
£250,001 - £325,000 8%
£325,001 - £750,000 13%
£750,001 + 15%
Taxable Sum TAX
£0 £0
£0 £0
£0 £0
£0 £0
£0 £0
Tax Band % Taxable Sum TAX
£0 - £150,000 0% £0 £0
£150,001 - £350,000 3% £0 £0
£350,001 + 4.5% £0 £0
Tax Band %
£0 - £150,000 0%
£150,001 - £350,000 3%
£350,001 + 4.5%
Taxable Sum TAX
£0 £0
£0 £0
£0 £0

Residential LBTT Calculator

Land and Buildings Transaction Tax (LBTT), replaced Stamp Duty in Scotland from 1 April 2015 as part of the reforms introduced under the Scotland Act 2012. Land and Buildings Transaction Tax is based upon a progressive scale of charges levied on all residential transactions over £145,000.

The new percentages apply to the value above each threshold up to the full purchase price, in the same way that income tax operates.

To calculate the Land and Buildings Transaction Tax that may be payable on your planned purchase, simply put the purchase price into our calculator. It is important to note that this is an indicator only, your solicitor or tax consultant will advise you as to the actual tax that must be paid on completion.

Linked transactions

Linked transactions are those which form part of a single scheme, arrangement or series of transactions between the same vendor and purchaser or persons connected with them.

An example of a linked transaction would be one member of a family purchasing a house and another purchasing cottages within the same plot of land. In this circumstance, the tax would be calculated on the combined total of the purchases. Please contact a tax advisor or a member of the residential team should you wish to discuss linked transactions further.

England and Wales

These rates do not apply to the Stamp Duty Land Tax applicable to England and Wales, for transactions in England and Wales please use our separate SDLT calculator.

Non residential transactions

This calculator applies to residential transactions only. If all, or part, of your transaction is commercial, agricultural or non residential then the rates will differ. Please contact a member of our team to discuss further.

Additional properties (second homes/buy to let)

From 1 April 2016, an additional 3% will be added above the existing LBTT rates on purchases of 'additional residential properties' (such as second homes and buy to let property). The additional higher rates will be applied to existing rates on residential purchases over £40,000 in value, but will not apply where the transaction includes six or more properties.