Property
What is LBTT (Land and Buildings Transaction Tax)?
LBTT is Scotland's property tax, replacing Stamp Duty Land Tax (SDLT) since April 2015. It's administered by Revenue Scotland and uses progressive bands — you only pay each rate on the slice of the purchase price within that band. Rates range from 0% on the first £145,000 to 12% above £750,000. First-time buyers get a nil rate up to £175,000.