What is LBTT?

What is LBTT? Land and Buildings Transaction Tax (LBTT) is the tax payable when you purchase land or property. There are a number of exemptions and reliefs which relate to very specific types of transactions. Your solicitor will usually deal with the payment of LBTT as part of the transaction. It is necessary for the LBTT return to be submitted to Revenue Scotland, and the tax paid, before the property title can be registered. The LBTT Return form is a Tax Return so it is important that this fo