The Land and Buildings Transaction Tax (Tax Rates and Tax Bands etc) (Scotland) Amendment Order, SI 2018/372, reduces the lower rate of non-residential LBTT to 1% (from 3%), increases the upper rate to 5% (from 4.5%) and reduces the starting threshold of the upper rate to £250,000 (from £350,000). It also increases the LBTT additional dwelling supplement to 4% (from 3%).
These changes were announced in the Scottish draft Budget on 12 December and will have effect for transactions with an effective date on or after 25 January 2019, except where contracts were entered into before 12 December 2018.
The Land and Buildings Transaction Tax (Tax Rates and Tax Bands etc) (Scotland) Amendment Order, SI 2018/372, reduces the lower rate of non-residential LBTT to 1% (from 3%), increases the upper rate to 5% (from 4.5%) and reduces the starting threshold of the upper rate to £250,000 (from £350,000). It also increases the LBTT additional dwelling supplement to 4% (from 3%).
These changes were announced in the Scottish draft Budget on 12 December and will have effect for transactions with an effective date on or after 25 January 2019, except where contracts were entered into before 12 December 2018.
.jpg?sfvrsn=335a554c_0 "300 x 250 (MPU)")