Land and Buildings Transaction Tax (LBTT) is a tax that anyone buying a property or land costing more than a set amount has to pay. The rate you'll pay the tax at varies based on the price of the property and the type of use, for example residential or commercial.

The following LBTT rates are for residential properties in Scotland.

Purchase Price	LBTT Rate
Up to £145,000	0%
£145,000.01 - £250,000	2%
£250,000.01 - £325,000	5%
£325,000.01 - £750,000	10%
£750,000.01 and over	12%
Correct from 1 April 2015