Land and Buildings Transaction Tax
LBTT on £3,500,000 in Scotland
Buying a £3,500,000 main residence in Scotland costs £378,350 in Land and Buildings Transaction Tax (LBTT), an effective rate of 10.81%. Here is what every type of buyer pays.
By Buyer Type
| Buyer | LBTT | Effective rate | Notes |
|---|---|---|---|
| Home mover (main residence) | £378,350 | 10.81% | Standard residential rates. |
| First-time buyer | £377,750 | 10.79% | The 0% band rises to £175,000, saving up to £600 at any price. |
| Second home or buy-to-let | £658,350 | 18.81% | 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 £750,000 at 10% | £42,500 |
| £750,000 to £3,500,000 at 12% | £330,000 |
| Total | £378,350 |
Stamp duty on £3,500,000 in England · LTT on £3,500,000 in Wales
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How much LBTT does a home mover (main residence) pay on £3,500,000?
£378,350, an effective rate of 10.81%. Standard residential rates.
How much LBTT does a first-time buyer pay on £3,500,000?
£377,750, an effective rate of 10.79%. 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 £3,500,000?
£658,350, an effective rate of 18.81%. Standard rates plus the 8% Additional Dwelling Supplement on the whole price.
Is LBTT more than stamp duty in England on £3,500,000?
A main-residence buyer pays £378,350 in Scotland, against £333,750 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.