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Posts Tagged ‘Buying a home in Edinburgh’

Scottish property tax – Land and Building transaction tax

Are you aware the property tax in Scotland is now different from England? From April 1st 2015 Scotland brings its first tax raising in 300 years and targets home buyers on properties over £145000 and replaces stamp duty thats still valid in England and wales. The land and building transaction tax or LBTT as its also known Up to £145,000 - 0% £145,001 to £250,000 - 2% £250,001 to £325,000 - 5% £325,001 to £750,000 - 10% £750,001 and over - 12% UK stamp duty rates from December 2014 Up to £125,000 - 0% £125,001 to 250,000 - 2% £250,001…


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