Scotland unveils new buildings tax rates
Posted by mostafa on 20 October, 2014
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This item was filled under Tax
The rates for Scotland’s land and buildings transaction tax (LBTT) have been announced.
Details of the tax – the first to be introduced by Scottish parliament in 300 years – were unveiled in Scotland’s draft Budget for 2015/16.
|
Cost |
Rate |
|
Up to £135,000 |
nil |
|
£135,001 to £250,000 |
2% |
|
£250,001 to £1m |
10% |
|
Over £1m |
12% |
The LBTT will …