Monthly Land and Buildings Transaction Tax (LBTT) statistics: January 2025

Key points

  • Residential LBTT, excluding Additional Dwelling Supplement (ADS), was £29.0m in January 2025. This was 35% lower than in December 2024 (£44.6m) but 10% higher than in January 2024 (£26.4m).
  • Non-residential LBTT, excluding ADS, was £16.8m in January 2025. This was 36% lower than December 2024 (£26.3m) but 94% higher than January 2024 (£8.9m). Non-residential revenues are highly variable between months, due to the effect of small numbers of high value transactions.

Announcement of three new members co-opted to Revenue Scotland’s Board Committees

The appointment of Julie Hesketh-Laird and Stephen Ramsay will be to the Revenue Scotland’s Audit and Risk Committee. They will join the Committees' existing Board Members, Martin McEwen, Chair of the Audit and Risk Committee (who will be stepping down from the Board in July 2025), Robert MacIntosh and Simon Cunningham. 

Revenue Scotland Board Member appointment (two posts)

As a Board member for Revenue Scotland you will be part of a dynamic team, helping to fund Scotland’s public services through the collection and management of devolved taxes.

The Minister for Public Finance wishes to appoint two new Board members and is looking for individuals to help deliver our strategic ambitions. 2025 will be our 10-year anniversary and we are looking for individuals who see the bigger picture, and have the strategic vision, governance and leadership skills to support us to be the very best we can be as an organisation.

Scottish Landfill Tax (SLfT) statistics: Q2 2024-25

Commentary


£14.4 million in Scottish Landfill Tax (SLfT) was declared payable for the latest quarter, July to September 2024 (Q2, 2024/25). Total standard rate tonnage was 144,700 and total lower rate tonnage was 150,900.

The total SLfT declared due in Q2 of 2024/25 is the lowest of any Q2. This is consistent with the long-term trend for declining SLfT declared due, resulting from the decreasing tonnage of standard rate taxable waste.

Scottish Budget 2025 to 2026 changes to Land and Buildings Transaction Tax (LBTT)

The Scottish Government has today announced as part of its 2025 to 2026 Scottish Budget that the rate of Additional Dwelling Supplement (ADS) will increase to 8%. The revised rate will apply to contracts entered into on or after 5 December 2024. For contracts entered into on or before 4 December the previous rate of 6% will apply.  

Revenue Scotland has updated the SETS system and its online guidance and calculators in advance of the rate change coming into effect.

Monthly Land and Buildings Transaction Tax (LBTT) statistics: October 2024

Key points

  • Total LBTT excluding Additional Dwelling Supplement (ADS) was £68.4m in October 2024. This is the third highest of any month next to July 2024 (£71.6m) and December 2021 (£73.6m), and equal to November 2022.
  • Residential LBTT excluding ADS (£48.0) was the second highest for any month of October and the fifth highest of any month overall. Two of the higher monthly totals were within the previous three months – July 2024 (£52.0m) and August 2024 (£48.8m).
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