
2015 No. 126
Land And Buildings Transaction Tax
The Land and Buildings Transaction Tax (Tax Rates and Tax Bands) (Scotland) Order 2015
Made 17th March 2015
Coming into force 1st April 2015
The Scottish Ministers make the following Order in exercise of the powers conferred by section 24(1) of and paragraph 3 of schedule 19 to the Land and Buildings Transaction Tax (Scotland) Act 2013  and all other powers enabling them to do so.In accordance with section 68(2)(b) and (k)  of that Act a draft of this Order has been laid before and approved by resolution of the Scottish Parliament.
Citation, commencement, application and interpretation
1 

(1) This Order may be cited as the Land and Buildings Transaction Tax (Tax Rates and Tax Bands) (Scotland) Order 2015 and comes into force on 1st April 2015.
(2) This Order has effect in relation to land transactions in relation to which—
(a) the effective date is on or after 1st April 2015; or
(b) the LBTT(S) Act 2013 applies by virtue of the Land and Buildings Transaction Tax (Transitional Provisions) (Scotland) Order 2014 .
(3) In this Order,  “the LBTT(S) Act 2013” means the Land and Buildings Transaction Tax (Scotland) Act 2013.
Land and buildings transaction tax rates and tax bands – residential property transactions
2 
For the purposes of section 24(1)(a) of the LBTT(S) Act 2013 (residential property transactions) the tax bands and the percentage tax rates for each band for residential property transactions are specified in Table A in the Schedule to this Order.
Land and buildings transaction tax rates and tax bands – non-residential property transactions
3 
For the purposes of section 24(1)(b) of the LBTT(S) Act 2013 (non-residential property transactions) the tax bands and the percentage tax rates for each band for non-residential property transactions are specified in Table B in the Schedule to this Order.
Land and buildings transaction tax rates and tax bands – chargeable consideration which consists of rent
4 
For the purposes of paragraph 3 of schedule 19 to the LBTT(S) Act 2013 (chargeable consideration which consists of rent) the tax bands and the percentage tax rates for each band applicable to chargeable consideration which consists of rent are specified in Table C in the Schedule to this Order.
JOHN SWINNEY

A member of the Scottish Government

St Andrew's House,

Edinburgh

SCHEDULE
TAX BANDS AND TAX RATES

Articles 2, 3 and 4

Table A: Residential Relevant consideration Percentage
nil rate band Not more than £145,000£250,000 0%
first tax band More than £145,000 but not more than £250,000 2%
secondfirst  tax band More than £250,000 but not more than £325,000 5%
thirdsecond  tax band More than £325,000 but not more than £750,000 10%
fourththird  tax band More than £750,000 12%

Table B: Non-residential Relevant consideration Percentage
nil rate band Not more than £150,000 0%
first tax band More than £150,000 but not more than £250,000 1%
second tax band More than £250,000 5%

Table C: Rent Net present value (NPV) of rent payable Percentage
nil rate band Not more than £150,000 0%
first tax band More than £150,000  but not more than £2 million 1%
second tax band  More than £2 million   2% 