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Original poster

LBTT

5 replies

ladymary86 · 11/07/2020 13:46

Just hoping someone can clarify for me...

Am I right in saying that the new LBTT threshold means you only pay a percentage of anything you pay over £250k? But the rates are staying the same?

OP posts:
user1487194234 · 11/07/2020 17:23

Think we are still waiting on the detail but that is the expectation

anon444877 · 12/07/2020 11:59

Yes threshold rising to £250,000

www.gov.scot/news/help-for-homebuyers-and-employment-support/

Original poster
ladymary86 · 12/07/2020 12:40

I know the threshold is rising.
What I need to know is how it works when you buy over the threshold. I can't find the percentages but perhaps they are still hammering out the details

OP posts:
user1487194234 · 12/07/2020 12:48

The Tax calculators /Rev Scotland website has not been updated
yet so not possible to say for certain

user1487194234 · 12/07/2020 13:12

Sorry posted too soon
I would be surprised if the other current rates change (although anything is possible !) so if you pay over 250k you will pay 5 % (but only on the amount over the 250k)

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