The Scottish Finance Secretary announced the rates at which Land and Buildings Transaction Tax Scotland will be charged. The New Land and Buildings Transaction Tax Scotland (LBTT), which replaces Stamp Duty (the lump-sum tax that anyone buying a property worth more than a certain amount is required to pay) for house purchases in Scotland from April 2015, will be charged at 2 per cent of the purchase price between £135,000 and £250,000, 10 per cent between £250,001 and £1million and 12 per cent on anything