The amount you pay is dependent on the value of the property you purchase and whether you are buying your first home.
Learn about LBTT in Scotland
And you’ll only pay 5% on any proportion between £300,000 and £500,000 – saving you around £5,000.
Here’s how to know you fulfil the definition of a first time buyer:
- You have never owned freehold or leasehold interest in a dwelling before.
- You are purchasing your only or main residence (in the UK and the rest of the world).
- Any joint purchasers are also first-time buyers.
I've bought a home before, so how much will I pay?
Read our buyer guide
The legal steps of buying a home
Learn more about the legal steps of buying a new home with our buyer guide.
Read our buyer guide
How to sell your property
Need some help selling your property? Read our guide here.
Read our buyer guide
The costs of moving home
Moving home can seem like a costly experience. Here's what you need to be aware of.
