Monthly LBTT Statistics: March 2025

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Key points

• Residential LBTT, excluding Additional Dwelling Supplement (ADS), was £33.8m in March 2025. This was 15% higher than in February 2025 (£29.3m) and 13% higher than in March 2024 (£30m).
• Non-residential LBTT, excluding ADS, was £26.7m in March 2025. This was 78% higher than February 2025 (£15m) and 59% higher than March 2024 (£16.8m). Non-residential revenues are highly variable between months, due to the effect of small numbers of high value transactions.
• Gross Additional Dwelling Supplement for March was £20.9m, 11% higher than February 2025 (£18.9m) and 15% higher than in March 2024 (£18.1). Note that the rate of ADS changed from 6% to 8% where the contract for the transaction was entered into after 4th December 2024.

Introduction

This publication is part of a monthly series of Land and Building Transaction Tax (LBTT) statistics, started in April 2015, which provides data on the number and value of notifiable transactions reported to Revenue Scotland.

An Official Statistics Publication for Scotland

These statistics are official statistics. Official statistics are statistics that are produced by crown bodies, those acting on behalf of crown bodies, or those specified in statutory orders, as defined in the Statistics and Registration Service Act 2007.

Revenue Scotland statistics are regulated by the Office for Statistics Regulation (OSR). OSR sets the standards of trustworthiness, quality and value in the Code of Practice for Statistics that all producers of official statistics should adhere to.

Residential LBTT

Residential LBTT, excluding Additional Dwelling Supplement (ADS), was £33.8 million in March 2025. This is a 15% increase compared to February 2025. 

Residential LBTT, excluding ADS, was 15% higher in March 2025 (£34m) than in the previous month (£29.3m). This increase from February to March is typical and coincides with the end of the financial year.

Residential LBTT, excluding Additional Dwelling Supplement (ADS), was the second highest yet for the month of March (£33.8 million). 

Residential LBTT, excluding ADS, was 13% higher in March 2025 (£33.8m) than in March 2024 (£30m). The number of residential LBTT returns submitted was 5% higher in March 2025 (7,760) versus March 2024 (7,410). 

Aside from the increase in the number of returns, the increase in LBTT is due mainly to an increase in returns within the £325,001 - £750,000 LBTT band (+290 compared to March 2024). There was also 130 fewer returns in March 2025 for conveyances below £145,000 (the non-taxed band), compared to March 2024.

7,760 Residential LBTT returns were submitted in March 2025. 

Non-Residential LBTT, excluding ADS

Non-residential LBTT, excluding ADS, was £26.7 million in March 2025. This is a 78% increase compared to February 2025. 

Non-residential LBTT, excluding ADS, was 78% higher in March 2025 (£26.7m) compared to the previous month (£15m). This is consistent with the general trend of non-residential LBTT increasing between February and March as the financial year ends.

The number of non-residential conveyance returns submitted in March 2025 (750) increased 44% compared to February 2025 (520). Leases increased by 14% and lease reviews increased by 30% compared to the previous month.

Non-residential conveyance returns increased by 44% in March 2025 compared to the previous month. As with residential conveyances, this rise from February to March is typical, and coincides with the end of the financial / tax year. 

Lease review submissions are also typically higher in March than in February, as these can be submitted in advance, and likely reflects the fact that many new leases are taken out in March and April at the transition of the financial / tax year.

Additional Dwelling Supplement (ADS)

The number of LBTT returns received which declared ADS due was 1,620 in March 2025. This is slightly lower than March 2024 and is the lowest for any month of March on record. 

The number of returns with ADS due was the lowest ever for the month of March (1,620), as was the percentage of residential returns with ADS due (20% in March 2025; in March 2024 the figure was 24% and in March 2023 it was 26%). The fact that gross ADS is higher in March 2025 (£20.9m) than in most previous years is due to the increase in the rate of ADS from 6% to 8% in December 2024.

Gross ADS declared in March 2025 was £20.9 million. This is the second highest for any month of March. 

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