LBTT on a £300,000 house in Scotland
Buying a £300,000 home in Scotland? A home mover pays £4,600 Land and Buildings Transaction Tax, 1.53% of the price.
- Moving home
- £4,600
- First-time buyer
- £4,000
- Second home or buy-to-let
- £28,600
- Same price in England
- £5,000
- HMRC 2026/27 rates
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LBTT on a £300,000 property in Scotland is £4,600 for a home mover, £4,000 for a first-time buyer and £28,600 for a second home or buy-to-let.
How £4,600 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 £300,000 | 5% | £2,500 |
| Total stamp duty | 1.53% | £4,600 |
£300,000 across the UK
Property tax on a home mover's £300,000 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 £300,000 purchase
With a 10% deposit you would borrow about £270,000. At 4.5% over 25 years that is £1,501 a month (see a £270,000 mortgage). Most lenders would want a household income of around £60,000: what £60,000 can borrow.
LBTT on nearby prices
Questions people ask
Do first-time buyers pay LBTT on £300,000?
Yes, £4,000. First-time buyer relief raises the nil rate band to £175,000, which saves up to £600.
How much LBTT is due on a £300,000 second home or buy-to-let?
£28,600. That is the normal LBTT of £4,600 plus the 8% Additional Dwelling Supplement on the whole price, £24,000.
How does Scotland compare with England on £300,000?
In England a home mover pays £5,000 stamp duty on £300,000, £400 more than the £4,600 LBTT in Scotland.