Land and Buildings Transaction Tax
LBTT on £400,000 in Scotland
Buying a £400,000 main residence in Scotland costs £13,350 in Land and Buildings Transaction Tax (LBTT), an effective rate of 3.34%. Here is what every type of buyer pays.
By Buyer Type
| Buyer | LBTT | Effective rate | Notes |
|---|---|---|---|
| Home mover (main residence) | £13,350 | 3.34% | Standard residential rates. |
| First-time buyer | £12,750 | 3.19% | The 0% band rises to £175,000, saving up to £600 at any price. |
| Second home or buy-to-let | £45,350 | 11.34% | Standard rates plus the 8% Additional Dwelling Supplement on the whole price. |
How It Is Worked Out (Main Residence)
| £0 to £145,000 at 0% | £0 |
| £145,000 to £250,000 at 2% | £2,100 |
| £250,000 to £325,000 at 5% | £3,750 |
| £325,000 to £400,000 at 10% | £7,500 |
| Total | £13,350 |
Stamp duty on £400,000 in England · LTT on £400,000 in Wales
How much LBTT does a home mover (main residence) pay on £400,000?
£13,350, an effective rate of 3.34%. Standard residential rates.
How much LBTT does a first-time buyer pay on £400,000?
£12,750, an effective rate of 3.19%. The 0% band rises to £175,000, saving up to £600 at any price.
How much LBTT does a second home or buy-to-let pay on £400,000?
£45,350, an effective rate of 11.34%. Standard rates plus the 8% Additional Dwelling Supplement on the whole price.
Is LBTT more than stamp duty in England on £400,000?
A main-residence buyer pays £13,350 in Scotland, against £10,000 in stamp duty in England and Northern Ireland at the same price.
Scottish residential LBTT rates, with the 8% Additional Dwelling Supplement from 5 December 2024. A guide, not tax advice: your solicitor confirms the final figure.