Land and Buildings Transaction Tax
LBTT on £300,000 in Scotland
Buying a £300,000 main residence in Scotland costs £4,600 in Land and Buildings Transaction Tax (LBTT), an effective rate of 1.53%. Here is what every type of buyer pays.
By Buyer Type
| Buyer | LBTT | Effective rate | Notes |
|---|---|---|---|
| Home mover (main residence) | £4,600 | 1.53% | Standard residential rates. |
| First-time buyer | £4,000 | 1.33% | The 0% band rises to £175,000, saving up to £600 at any price. |
| Second home or buy-to-let | £28,600 | 9.53% | 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 £300,000 at 5% | £2,500 |
| Total | £4,600 |
Stamp duty on £300,000 in England · LTT on £300,000 in Wales
Belgrave in London
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How much LBTT does a home mover (main residence) pay on £300,000?
£4,600, an effective rate of 1.53%. Standard residential rates.
How much LBTT does a first-time buyer pay on £300,000?
£4,000, an effective rate of 1.33%. 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 £300,000?
£28,600, an effective rate of 9.53%. Standard rates plus the 8% Additional Dwelling Supplement on the whole price.
Is LBTT more than stamp duty in England on £300,000?
A main-residence buyer pays £4,600 in Scotland, against £5,000 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.