Non Residential Lbtt Calculator

LBTT Calculation:

\[ LBTT = \text{Commercial rates applied to property value} \]

LBTT (GBP):

Total Cost (GBP):

Unit Converter ▲

Unit Converter ▼

From:	To:

1. What is Non-Residential LBTT?

The Land and Buildings Transaction Tax (LBTT) is a tax applied to purchases of non-residential properties and land in Scotland. This calculator helps estimate the tax due based on current rates.

2. How Does the Calculator Work?

The calculator uses the current non-residential LBTT rates:

\[ \text{LBTT} = \begin{cases} 0 & \text{if value} \leq £150,000 \\ 1\% \text{ of amount over} £150,000 & \text{if} £150,000 < \text{value} \leq £250,000 \\ £1,000 + 2\% \text{ of amount over} £250,000 & \text{if value} > £250,000 \end{cases} \]

3. Current LBTT Rates

Current Non-Residential LBTT Rates (2023):

£0 - £150,000: 0%
£150,001 - £250,000: 1%
Above £250,000: 2%

4. Using the Calculator

Instructions: Enter the property purchase price in GBP to calculate the LBTT due. The calculator will show both the tax amount and total cost (property value + tax).

5. Frequently Asked Questions (FAQ)

Q1: What counts as non-residential property?
A: Commercial properties, shops, offices, agricultural land, and any property not used as a dwelling.

Q2: Are there any reliefs available?
A: Yes, certain transactions may qualify for reliefs like acquisition relief or group relief.

Q3: When is LBTT due?
A: LBTT must be paid within 30 days of the effective date of the transaction (usually the completion date).

Q4: Does this apply throughout the UK?
A: No, LBTT is specific to Scotland. England and Northern Ireland have SDLT, Wales has LTT.

Q5: Are leases subject to LBTT?
A: Yes, non-residential leases may be subject to LBTT on both premium and rent.