There has been a large amount of coverage regarding the proposed rates of Land and Buildings Transaction Tax which will be payable on the purchase of residential properties following the introduction of Land and Buildings Transaction Tax (LBTT) on 1st April 2015. It is important to note that the tax payable on the acquisition of non-residential property is also changing.

Unlike Stamp Duty Land Tax (SDLT) which classes transactions as 'residential', 'non-residential' or 'mixed', LBTT only defines two types of transaction - 'residential' or 'non-residential'. A transaction is a 'non-residential' transaction if the subjects being purchased do not consist entirely of residential property. Turcan Connell would be pleased to provide advice on the application of LBTT.

Our non-residential property purchase budget calculator sets out the main outlays that a buyer will incur when purchasing a non-residential property in Scotland- namely the levels of property acquisition tax (whether Stamp Duty Land Tax or Land and Buildings Transaction Tax) and registration dues payable to the Land Register of Scotland. If your prospective purchase is to take place after the 1st April 2015, Land and Buildings Transaction Tax (LBTT) will be payable rather than Stamp Duty (SDLT).

The calculator below will set out the amount of tax and registration dues payable on your proposed non-residential property purchase depending on the date of that purchase.

Non-Residential Property Purchase Budget Calculator




This calculation is intended as brief overview of some of the costs of purchasing a non-residential property in Scotland. The LBTT rates are currently proposed and not yet finalised. No responsibility can be taken for any action taken in reliance on this calculation and specialist advice should be taken in every case.

Turcan Connell would be happy to provide such advice.

We’re always happy to discuss things further.
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