LBTT on a £1,000,000 house in Scotland
Buying a £1,000,000 home in Scotland? A home mover pays £78,350 Land and Buildings Transaction Tax, 7.84% of the price.
- Moving home
- £78,350
- First-time buyer
- £77,750
- Second home or buy-to-let
- £158,350
- Same price in England
- £43,750
- HMRC 2026/27 rates
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LBTT on a £1,000,000 property in Scotland is £78,350 for a home mover, £77,750 for a first-time buyer and £158,350 for a second home or buy-to-let.
How £78,350 is worked out
| Portion of the price | Rate | Tax |
|---|---|---|
| £0 to £145,000 | 0% | £0 |
| £145,000 to £250,000 | 2% | £2,100 |
| £250,000 to £325,000 | 5% | £3,750 |
| £325,000 to £750,000 | 10% | £42,500 |
| £750,000 to £1,000,000 | 12% | £30,000 |
| Total stamp duty | 7.84% | £78,350 |
£1,000,000 across the UK
Property tax on a home mover's £1,000,000 purchase in each nation. Scotland charges less than England on cheaper homes and more on expensive ones, because its 10% band starts at £325,000.
The rest of a £1,000,000 purchase
With a 10% deposit you would borrow about £900,000. At 4.5% over 25 years that is £5,002 a month (see a £900,000 mortgage). Most lenders would want a household income of around £150,000: what £150,000 can borrow.
LBTT on nearby prices
Questions people ask
Do first-time buyers pay LBTT on £1,000,000?
Yes, £77,750. First-time buyer relief raises the nil rate band to £175,000, which saves up to £600.
How much LBTT is due on a £1,000,000 second home or buy-to-let?
£158,350. That is the normal LBTT of £78,350 plus the 8% Additional Dwelling Supplement on the whole price, £80,000.
How does Scotland compare with England on £1,000,000?
In England a home mover pays £43,750 stamp duty on £1,000,000, £34,600 less than the £78,350 LBTT in Scotland.