Land and Buildings Transaction Tax Calculator

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Land and Buildings Transaction Tax Calculator

Agreed Price of Property (£)
Purchase price bands (£) Percentage rate (%) lbtt due (£)
Up to 145,000 0
Above 145,000 and up to 250,000 2
Above 250,000 and up to 325,000 5
Above 325,000 and up to 750,000 10
Above 750,000+ 12
Total LBTT due

Land and Buildings Transaction Tax Rates Table

Purchase price of property (£) Rate payable on that part of price
0 – 145,000 (£) 0%
145,001- 250,000 (£) 2%
250,001- 325,000(£) 5%
325,001- 750,000(£) 10%
Over 750,000 (£) 12%

as reviewed by the Scottish Parliament on 21st January 2015

Example – purchase price £300,000

0 – 145,000 = 0% = £0
145,001 to 250,000 = 2% = £2,100
250,001 to 300,000 = 5% = £2,500

Total tax due £4,600

England and Northern Ireland

England and Northern Ireland will continue to operate under the Stamp Duty Land Tax rules.

Wales

Wales now uses it’s own Land and Buildings Transaction Tax system

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