Vanessa Hale
Director, Research
Finance Secretary, Kate Forbes, of the Scottish Government announced that they will raise the threshold at which LBTT is paid from £145,000 to £250,000 in an effort to support homebuyers and the economic recovery from the recent impact of COVID-19
This temporary freeze which goes into effect on the 15th July 2020 will exclude the 4% Additional Dwelling Supplement and non-residential LBTT but will result in a savings of £2,100 for anyone purchasing a property over £250,000. This measure will align to the timings previously announced for the Stamp Duty Land Tax temporary freeze in England and Northern Ireland and end on the 31st March 2021.
LBTT Rates (15th July 2020 to 31st March 2021
| Purchase Price |
LBTT Rate |
| Up to £250,000 |
0% |
| £250,001 to £325,000 | 5% |
| £325,001 to £750,000 | 10% |
| Over £750,000 |
12% |
You can calculate how much LBTT you are liable to pay here: