http://www.legislation.gov.uk/id/ssi/2015/126

SCHEDULETAX BANDS AND TAX RATES

Articles 2, 3 and 4

Annotations:

Amendments (Textual)

F7

Sum in sch. Table A substituted (temp.) (15.7.2020) by virtue of The Land and Buildings Transaction Tax (Tax Rates and Tax Bands) (Scotland) Amendment (No. 2) (Coronavirus) Order 2020 (S.S.I. 2020/215), arts. 1(1)(2), 2(1)(2)(a)

F8

Words in sch. Table A omitted (temp.) (15.7.2020) by virtue of The Land and Buildings Transaction Tax (Tax Rates and Tax Bands) (Scotland) Amendment (No. 2) (Coronavirus) Order 2020 (S.S.I. 2020/215), arts. 1(1)(2), 2(1)(2)(b)

F9

Word in sch. Table A substituted (temp.) (15.7.2020) by virtue of The Land and Buildings Transaction Tax (Tax Rates and Tax Bands) (Scotland) Amendment (No. 2) (Coronavirus) Order 2020 (S.S.I. 2020/215), arts. 1(1)(2), 2(1)(2)(c)

F10

Word in sch. Table A substituted (temp.) (15.7.2020) by virtue of The Land and Buildings Transaction Tax (Tax Rates and Tax Bands) (Scotland) Amendment (No. 2) (Coronavirus) Order 2020 (S.S.I. 2020/215), arts. 1(1)(2), 2(1)(2)(d)

F11

Word in sch. Table A substituted (temp.) (15.7.2020) by virtue of The Land and Buildings Transaction Tax (Tax Rates and Tax Bands) (Scotland) Amendment (No. 2) (Coronavirus) Order 2020 (S.S.I. 2020/215), arts. 1(1)(2), 2(1)(2)(e)

F1

Sum in sch. Table B substituted (25.1.2019) by The Land and Buildings Transaction Tax (Tax Rates and Tax Bands etc) (Scotland) Amendment Order 2018 (S.S.I. 2018/372), arts. 1(1), 2(a) (with arts. 1(2), 4)

F3

Percentage in sch. Table B substituted (25.1.2019) by The Land and Buildings Transaction Tax (Tax Rates and Tax Bands etc) (Scotland) Amendment Order 2018 (S.S.I. 2018/372), arts. 1(1), 2(c) (with arts. 1(2), 4)

F2

Sum in sch. Table B substituted (25.1.2019) by The Land and Buildings Transaction Tax (Tax Rates and Tax Bands etc) (Scotland) Amendment Order 2018 (S.S.I. 2018/372), arts. 1(1), 2(b) (with arts. 1(2), 4)

F4

Percentage in sch. Table B substituted (25.1.2019) by The Land and Buildings Transaction Tax (Tax Rates and Tax Bands etc) (Scotland) Amendment Order 2018 (S.S.I. 2018/372), arts. 1(1), 2(d) (with arts. 1(2), 4)

F5

Words in sch. Table C inserted (7.2.2020) by The Land and Buildings Transaction Tax (Tax Rates and Tax Bands) (Scotland) Amendment Order 2020 (S.S.I. 2020/24), arts. 1(1), 2(a) (with arts. 1(2), 3)

F6

Words in sch. Table C inserted (7.2.2020) by The Land and Buildings Transaction Tax (Tax Rates and Tax Bands) (Scotland) Amendment Order 2020 (S.S.I. 2020/24), arts. 1(1), 2(b) (with arts. 1(2), 3)

Table A: Residential

	Relevant consideration	Percentage
nil rate band	Not more than ~~F7£145,000~~F7£250,000	0%
~~F8first tax band~~	~~F8More than £145,000 but not more than £250,000~~	~~F82%~~
~~F9second~~F9first tax band	More than £250,000 but not more than £325,000	5%
~~F10third~~F10second tax band	More than £325,000 but not more than £750,000	10%
~~F11fourth~~F11third tax band	More than £750,000	12%

Table B: Non-residential

	Relevant consideration	Percentage
nil rate band	Not more than £150,000	0%
first tax band	More than £150,000 but not more than F1£250,000	F31%
second tax band	More than F2£250,000	F45%

Table C: Rent

	Net present value (NPV) of rent payable	Percentage
nil rate band	Not more than £150,000	0%
first tax band	More than £150,000 F5but not more than £2 million	1%
F6second tax band	More than £2 million	2%