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Land And Buildings Transaction Tax Change To Non-Residential Rates And Bands

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 Budge

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