Scotland’s LBTT System
LBTT is based on a tiered system, with different rates applying to different property values. The first £145,000 of a property’s value is exempt from the tax.
Above this amount, a progressive rate of taxation applies, with higher thresholds and lower rates for residential properties than for non-residential properties.
The maximum chargeable amount for residential property transactions is £250,000 and the maximum chargeable amount for non-residential property transactions is £1 million.