Land and Buildings Transaction Tax - Guide

Land and Buildings Transaction Tax (LBTT) is a tax applied to residential and commercial land and buildings transactions in Scotland (including commercial purchases and commercial leases) where a chargeable interest is acquired.

Revenue Scotland administer the collection of LBTT with support from Registers of Scotland.

The structure of LBTT is designed in a similar manner to Stamp Duty Land Tax (SDLT), which is the LBTT equivalent in England, Wales and Northern Ireland. The percentage rate for each band in LBTT is applied only to the part of the price over the relevant threshold and up to the next threshold.

For more information on LBTT, download our free guide.