LBTT on a £700,000 house in Scotland
Buying a £700,000 home in Scotland? A home mover pays £43,350 Land and Buildings Transaction Tax, 6.19% of the price.
- Moving home
- £43,350
- First-time buyer
- £42,750
- Second home or buy-to-let
- £99,350
- Same price in England
- £25,000
- HMRC 2026/27 rates
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LBTT on a £700,000 property in Scotland is £43,350 for a home mover, £42,750 for a first-time buyer and £99,350 for a second home or buy-to-let.
How £43,350 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 £700,000 | 10% | £37,500 |
| Total stamp duty | 6.19% | £43,350 |
£700,000 across the UK
Property tax on a home mover's £700,000 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 £700,000 purchase
With a 10% deposit you would borrow about £630,000. At 4.5% over 25 years that is £3,502 a month (see a £625,000 mortgage). Most lenders would want a household income of around £140,000: what £140,000 can borrow.
LBTT on nearby prices
Questions people ask
Do first-time buyers pay LBTT on £700,000?
Yes, £42,750. First-time buyer relief raises the nil rate band to £175,000, which saves up to £600.
How much LBTT is due on a £700,000 second home or buy-to-let?
£99,350. That is the normal LBTT of £43,350 plus the 8% Additional Dwelling Supplement on the whole price, £56,000.
How does Scotland compare with England on £700,000?
In England a home mover pays £25,000 stamp duty on £700,000, £18,350 less than the £43,350 LBTT in Scotland.