Land and Buildings Transaction Tax
| Taxation in Scotland |
|---|
| Scottish Government agencies |
| National Taxation |
| Local Taxation |
|
Land and Buildings Transaction Tax (LBTT) is a property tax in Scotland. It replaced the Stamp Duty Land Tax from 1 April 2015.
| Land and Buildings Transaction Tax (Scotland) Act 2013 | |
|---|---|
| Act of the Scottish Parliament | |
| Long title | An Act of the Scottish Parliament to make provision about the taxation of land transactions. |
| Citation | 2013 asp 11 |
| Dates | |
| Royal assent | 31 July 2013 |
Status: Current legislation | |
| Text of statute as originally enacted | |
| Text of the Land and Buildings Transaction Tax (Scotland) Act 2013 as in force today (including any amendments) within the United Kingdom, from legislation.gov.uk. | |
LBTT is a tax applied to residential and commercial land and buildings transactions (including commercial purchases and commercial leases) where a chargeable interest is acquired. Under the Land and Buildings Transaction Tax (Scotland) Act 2013 (asp 11), a land transaction must be notified to Revenue Scotland unless it falls within one of the exempt categories contained in the Act.
Revenue Scotland administers and collects LBTT with support from Registers of Scotland.