The Government announced the introduction of a new 2% band for non-residential leases which will come into effect for contracts entered into on or after 7 February 2020.
The rates and bands for non-residential LBTT transactions are as follows:
| Non-residential transactions | Non-residential leases | ||
| Purchase price | Rate | Net present value of rent payable | Rate |
| Up to £150,000 | 0% | Up to £150,000 | 0% |
| £150,001 to £250,000 | 1% | £150,001 to £2 million | 1% |
| Over £250,000 | 5% | Over £2 million | 2% |
Internet link: GOV.SCOT Budget
