The Scottish Government has announced changes to the Land & Building Transaction Tax. A new band will be introduced charging a tax of 5% of the value of a property between £250,001 - £325,000. The LBTT will apply as listed below from 1 April 2015.
up to £145,000 0%
£145,001 - 250,000 2%
£250,001 - 325,000 5%
£325,001 - 750,000 10%
over £750,001 12%