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%
