Property taxes

Stamp duty land tax (SDLT) or land and buildings transaction tax (LBTT) in Scotland on residential properties is charged at different rates according to a band system.

Rates are applied only to the portion of the property's value that exceeds the relevant band threshold.

First-time-buyers

Stamp duty land tax has been abolished for first-time-buyers who buy homes under £300,000. First-time-buyers who purchase a home worth between £300,000 and £500,000 will not pay stamp duty on the first £300,000. They will pay normal rates on the price above £300,000.

This came into effect on 22 November. Our calculator does not reflect this change.

Additional property

An extra 3 percentage points are charged on purchases of additional properties such as second homes and buy-to-lets. These changes came into effect from 1 April 2016. We can explain the new rules in detail.

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