A tax on transactions involving acquisitions of interests in land in Scotland. An acquisition includes the creation, renunciation, release or variation of a land interest (section 6, Land and Buildings Transaction Tax (Scotland) Act 2013). LBTT is chargeable irrespective of:

It is payable, by the person acquiring the interest, on the due date, which is 30 days after the effective date of the transaction. The effective date is the earlier of completion of the transaction or substantial performance of the contract.

For further information, see Practice note, Scottish Land and Buildings Transaction Tax.

Acquisitions of land in Scotland with an effective date before 1 April 2015 (or on or after 1 April 2015 where transitional rules apply) were subject to stamp duty land tax (see Practice note, SDLT: overview).