Land and Buildings Transaction Tax (LBTT) Calculator (Scotland)

This calculator helps you determine the Land and Buildings Transaction Tax (LBTT) payable on property transactions in Scotland. It's designed for homebuyers, real estate professionals, and anyone interested in understanding their tax obligations.

Interactive LBTT Calculator

Results

Total LBTT Payable £0.00

Data Source and Methodology

All calculations are based on the latest tax rates and bands provided by the Scottish Government. For detailed information, visit Revenue Scotland. All calculations are based strictly on the formulas and data provided by this source.

The Formula Explained

LBTT is calculated using the formula: LBTT = Σ (Band Rate × (Price - Band Start))

Glossary of Terms

Property Price: The purchase price of the property.
Property Type: Indicates whether the property is residential or non-residential.
LBTT: The total tax payable for the transaction.

Frequently Asked Questions (FAQ)

What is LBTT?

LBTT is a tax applied to residential and commercial land and buildings transactions in Scotland.

How is LBTT calculated?

LBTT is calculated based on the purchase price of the property and the applicable tax bands.

Where can I find more information?

Visit the Revenue Scotland website for more details.

Tool developed by Ugo Candido. Content reviewed by the finance team. Last reviewed for accuracy on: October 15, 2023.

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