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Scotland Issues Bands and Rates for Land and Buildings Transactions Tax and Landfill Tax

23 March 2015

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Approved Changes

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United Kingdom

The Scottish Government has issued The Land and Buildings Transaction Tax (Tax Rates and Tax Bands) (Scotland) Order 2015 and the Scottish Landfill Tax (Standard Rate and Lower Rate) Order 2015, both made 17 March 2015. The rates are set under the tax authority of Revenue Scotland, which was established by the Revenue Scotland and Tax Powers Act 2014 for the collection of taxes devolved under the Scotland Act 2012. The land and buildings transactions tax replaces the UK stamp duty land tax. The tax bands and rates are as follows: Residential Property up to GBP 145,000 - 0% GBP...