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Stamp Duty To Be Abolished In Scotland

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And replaced with a new tax: the Land and Buildings Transaction Tax (LBTT)

Property price


Up to £135,000


£135,001 - £250,000


£250,001 - £1,000,000


Over £1,000,000


This was announced back in October, but I can't find any threads on it, probably buried by the referendum stuff.

At the moment, UK stamp duty land tax is levied at

0pc for homes worth up to £125,000;

1pc between £125,001-£250,000;

3pc between £250,001-£500,000;

4pc between £500,001-£1m;

5pc between £1m-£2m and 7pc above £2m.

A key difference is that the new Scottish LBTT tax is only on the value above the threshold, so it is slightly less insane than the current system.


The effect on business considering where to build large offices may be significant. This change may turn out to be good for individuals but bad for the Scottish economy.

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