Nil Rate Band

Information on temporary increase to LBTT: nil rate band

Nil Rate Band

Finance Secretary Kate Forbes announced on 10 July 2020 that a temporary increase in the nil rate band for LBTT residential property transactions from £145,000 to £250,000 will be introduced with effect from Wednesday 15 July 2020 and remain in place until 31 March 2021..

 Purchase price

LBTT rate

 Up to £250,000


 Above £250,000 to £325,000


 Above £325,000 to £750,000


 Over £750,000


The revised rates and bands will only apply to transactions with an effective date on or after 15 July 2020.

Residential transactions for consideration of £40,000 or more will still require to be notified to Revenue Scotland even if no tax is due.

Rates for the Additional Dwelling Supplement (ADS) and non-residential LBTT remain unchanged.

If you have any questions, please contact Revenue Scotland by email:


Last updated