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%