Email: info@taxreturn.co.uk



Please find below details of the new tax rates and allowances

which are applicable for the year commencing April, 2017.


Please do not hesitate to contact us if you would like further information

or you wish to discuss any of the tax rates or allowances in more detail.


                                 

Capital Allowances - Tax Rates 2017/18

Land and Buildings Transaction Tax (LBTT)

On the transfer of property in Scotland, the Land and Buildings Transaction Tax is:

Residential  
Value up to £145,000 0%
Over £145,000 - £250,000 2%
Over £250,000 - £325,000 5%
Over £325,000 - £750,000 10%
Over £750,000 12%
Non-residential  
Value up to £150,000 0%
Over £150,000 - £350,000 3%
Over £350,000 4.5%

The rates apply to the portion of the total value which falls within each band. Additional LBTT of 3% may apply to the purchase of additional residential properties.

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