SIGN IN | SCOTLAND'S DEVOLVED TAXES AUTHORITY | REVENUE Sign in. UsernameThis is the username you first registered with. Forgotten your username? Password. Forgotten your password? Register if you don't have an account. Activate your account if you have created an account and have an e-mail about confirming your account

creation.

CALCULATE PROPERTY TRANSACTIONS Calculate Tax. The tax calculator allows taxpayers and agents to work out the amount of LBTT payable on residential, non-residential or mixed property transactions, and non-residential lease transactions based on the rates and thresholds. LBTT is a self-assessed tax and therefore Revenue Scotland does not accept liability for the use by ADS REPAYMENT CLAIMS Coronavirus (Scotland) (No.2) Act 2020. Under new legislation introduced by the Coronavirus (Scotland) (No.2) Act 2020, there will be an increase of 18 months to the period in which some buyers can dispose of a previous main residence and still be eligible for a repayment of the ADS. LBTT3003 - NO CHARGEABLE CONSIDERATION LBTT3003 - No chargeable consideration. LBTT guidance on the exemption from LBTT of a land transaction with no chargeable consideration, such as the gifting of a property. Land or buildings may be gifted or the ownership transferred to another person for no 'chargeable consideration'. This means that no money (or money’s worth) changes

hands

WORKED EXAMPLES

Worked examples - LBTT. The following worked examples complement the LBTT legislation guidance which is available separately on our website. The reference numbers at the beginning of each worked example, e.g. ‘LBTTXYYY’, refer to that legislation guidance. Using that example, X is the chapter reference and YYY is the unique

guidance

LBTT6001 - LEASES

LBTT6001 - Leases. Chapter 6 of the LBTT legislation guidance covering lease transactions. In her Budget statement to Parliament on 06 February 2020, the Minister for Public Finance & Digital Economy, Kate Forbes, proposed changes to the LBTT tax rates and bands for non-residential lease transactions. These changes will take effect

from 07

LBTT2002 - WHAT IS CHARGEABLE CONSIDERATION HOW TO CLAIM A REPAYMENT OF ADDITIONAL DWELLING SUPPLEMENT The way in which claims for repayment of Additional Dwelling Supplement (ADS) are made depends on who is making the claim: Agents claiming on behalf of a Taxpayer should either amend the original LBBT return in SETS or else complete the new online repayment claim form and email back to Revenue Scotland Taxpayers making repayment claims themselves should use the new online process More LBTT6010 - MAKING A RETURN AND PAYING TAX FOR A LEASE LBTT6010 - Making a return and paying tax for a lease. LBTT guidance on making an LBTT return and paying tax in relation to a notifiable lease transaction, including the consequences for failing to do either. Transactions in relation to leases are notifiable (in other words a LBTT return has to be made to us) except in the following

circumstances:

LBTT10062 - TRANSACTIONS INVOLVING SPOUSES/CIVIL PARTNERS Married couples, those in a civil partnership and cohabitants (those living together as though married, including same-sex cohabitants), along with their dependent children (children under 16, including adopted children), are treated as one economic unit for the purposes of determining how many properties a buyer owns at the end of the day that is the effective date of the transaction. SIGN IN | SCOTLAND'S DEVOLVED TAXES AUTHORITY | REVENUE Sign in. UsernameThis is the username you first registered with. Forgotten your username? Password. Forgotten your password? Register if you don't have an account. Activate your account if you have created an account and have an e-mail about confirming your account

creation.

CALCULATE PROPERTY TRANSACTIONS Calculate Tax. The tax calculator allows taxpayers and agents to work out the amount of LBTT payable on residential, non-residential or mixed property transactions, and non-residential lease transactions based on the rates and thresholds. LBTT is a self-assessed tax and therefore Revenue Scotland does not accept liability for the use by ADS REPAYMENT CLAIMS Coronavirus (Scotland) (No.2) Act 2020. Under new legislation introduced by the Coronavirus (Scotland) (No.2) Act 2020, there will be an increase of 18 months to the period in which some buyers can dispose of a previous main residence and still be eligible for a repayment of the ADS. LBTT3003 - NO CHARGEABLE CONSIDERATION LBTT3003 - No chargeable consideration. LBTT guidance on the exemption from LBTT of a land transaction with no chargeable consideration, such as the gifting of a property. Land or buildings may be gifted or the ownership transferred to another person for no 'chargeable consideration'. This means that no money (or money’s worth) changes

hands

WORKED EXAMPLES

Worked examples - LBTT. The following worked examples complement the LBTT legislation guidance which is available separately on our website. The reference numbers at the beginning of each worked example, e.g. ‘LBTTXYYY’, refer to that legislation guidance. Using that example, X is the chapter reference and YYY is the unique

guidance

LBTT6001 - LEASES

LBTT6001 - Leases. Chapter 6 of the LBTT legislation guidance covering lease transactions. In her Budget statement to Parliament on 06 February 2020, the Minister for Public Finance & Digital Economy, Kate Forbes, proposed changes to the LBTT tax rates and bands for non-residential lease transactions. These changes will take effect

from 07

LBTT2002 - WHAT IS CHARGEABLE CONSIDERATION HOW TO CLAIM A REPAYMENT OF ADDITIONAL DWELLING SUPPLEMENT The way in which claims for repayment of Additional Dwelling Supplement (ADS) are made depends on who is making the claim: Agents claiming on behalf of a Taxpayer should either amend the original LBBT return in SETS or else complete the new online repayment claim form and email back to Revenue Scotland Taxpayers making repayment claims themselves should use the new online process More LBTT6010 - MAKING A RETURN AND PAYING TAX FOR A LEASE LBTT6010 - Making a return and paying tax for a lease. LBTT guidance on making an LBTT return and paying tax in relation to a notifiable lease transaction, including the consequences for failing to do either. Transactions in relation to leases are notifiable (in other words a LBTT return has to be made to us) except in the following

circumstances:

LBTT10062 - TRANSACTIONS INVOLVING SPOUSES/CIVIL PARTNERS Married couples, those in a civil partnership and cohabitants (those living together as though married, including same-sex cohabitants), along with their dependent children (children under 16, including adopted children), are treated as one economic unit for the purposes of determining how many properties a buyer owns at the end of the day that is the effective date of the transaction. REVISIONS FOR WELCOME TO REVENUE SCOTLAND Revisions allow you to track differences between multiple versions of your content, and revert to older versions. REVISION OF CURRENT VACANCIES FROM TUE, 05/18/2021 Current vacancies. Current vacancies at Revenue Scotland: Head of Strategy and Communications. The Head of Strategy and Communications is an exciting post, offering a great opportunity to develop core business strategies, and to co-ordinate the delivery of our cross-cutting strategic objectives by managing the delivery of the development programme set out in our 3 year HOW TO MAKE AN ONLINE LBTT RETURN This guidance will help you make an online Land and Buildings Transaction Tax (LBTT) return. Separate guidance is available on ‘How to pay LBTT’, including setting up Direct Debit and BACS/CHAPS payment arrangements. Separate guidance is also available on how to submit a lease review return for three-year reviews and returns upon assignation or termination. LBTT PENALTIES: SUBMITTING OR PAYING LATE 5% of outstanding tax. Second late payment penalty. Tax not paid within 5 months of first late payment penalty date. 5% of outstanding tax. Third late payment penalty. Tax not paid within 11 months of first late payment penalty date. 5% of outstanding tax. For more information see RSTP3009 - Penalties for failing to pay LBTT on time. LBTT3025 - GROUP RELIEF LBTT3025 - Group relief. LBTT guidance on tax relief where at the effective date of a land transaction the seller and buyer are both companies in the same group. This relief is provided by the provisions of schedule 10 to the LBTT (S)A 2013. Additional guidance is LBTT2002 - WHAT IS CHARGEABLE CONSIDERATION This section of guidance explains what the chargeable consideration is, and special rules which apply to its determination. Separate guidance is available in relation to determining the chargeable consideration for land transactions involving leases – see LBTT6003.. For guidance on what items are not included in chargeable consideration see LBTT2009. LBTT2003 - DEBT AS CONSIDERATION Debt as a consideration. Chargeable consideration can be the: satisfaction (release) of a debt due to the buyer or owed by the seller, or; assumption of an existing debt by the buyer. LBTT6010 - MAKING A RETURN AND PAYING TAX FOR A LEASE Transactions in relation to leases are notifiable (in other words a LBTT return has to be made to us) except in the following circumstances: the grant of a lease for a period of seven years or more, where the chargeable consideration is less than £40,000 and the ‘relevant rent’ is less than £1,000 per annum (see also section 30(4) of the LBTT(S)A 2013 regarding ‘relevant rent’); LBTT4011 - NON-RESIDENTIAL OR ‘MIXED’ LAND AND PROPERTY For non-residential property transactions (see LBTT4012 for what constitutes non-residential property), the rate of tax is determined by reference to percentages of the chargeable consideration (see LBTT2001) for the transaction falling within the bands below.. LBTT(S)A 2013 section 24. Anything of economic value which is given in exchange for land or property counts towards the chargeable LBTT2008 - LINKED TRANSACTIONS LBTT2008 - Linked transactions. LBTT guidance on linked transactions when determining the chargeable consideration in a land transaction. There are some situations when two or more property transactions that involve the same buyer and seller are treated as being linked for LBTT purposes (see LBTT4013 for further guidance on calculating the tax ABOUT REVENUE SCOTLAND Recent publications on Revenue Scotland. View all publications. 21 May 2021. XLS. Monthly LBTT Statistics April 2021. View monthly publication of Land and Buildings Transaction Tax. Read the publication. 9 March 2021. PDF.

CALCULATE TAX

Calculate Tax. The tax calculator allows taxpayers and agents to work out the amount of LBTT payable on residential, non-residential or mixed property transactions, and non-residential lease transactions based on the rates and thresholds. LBTT is a self-assessed tax and therefore Revenue Scotland does not accept liability for the use by SIGN IN | SCOTLAND'S DEVOLVED TAXES AUTHORITY | REVENUE Sign in. UsernameThis is the username you first registered with. Forgotten your username? Password. Forgotten your password? Register if you don't have an account. Activate your account if you have created an account and have an e-mail about confirming your account

creation.

CALCULATE PROPERTY TRANSACTIONS Calculate Tax. The tax calculator allows taxpayers and agents to work out the amount of LBTT payable on residential, non-residential or mixed property transactions, and non-residential lease transactions based on the rates and thresholds. LBTT is a self-assessed tax and therefore Revenue Scotland does not accept liability for the use by LAND AND BUILDINGS TRANSACTION TAX Land and Buildings Transaction Tax. LBTT is a tax applied to residential and commercial land and buildings transactions (including commercial properties and commercial leases) where a chargeable interest is acquired. Land and Buildings Transaction Tax (LBTT) replaced UK Stamp Duty Land Tax (SDLT) in Scotland from 1 April 2015. LBTT3025 - GROUP RELIEF LBTT3003 - NO CHARGEABLE CONSIDERATION LBTT3003 - No chargeable consideration. LBTT guidance on the exemption from LBTT of a land transaction with no chargeable consideration, such as the gifting of a property. Land or buildings may be gifted or the ownership transferred to another person for no 'chargeable consideration'. This means that no money (or money’s worth) changes

hands

HOW TO CLAIM A REPAYMENT OF ADDITIONAL DWELLING SUPPLEMENT The way in which claims for repayment of Additional Dwelling Supplement (ADS) are made depends on who is making the claim: Agents claiming on behalf of a Taxpayer should either amend the original LBBT return in SETS or else complete the new online repayment claim form and email back to Revenue Scotland Taxpayers making repayment claims themselves should use the new online process More LBTT10001 - LBTT ADDITIONAL DWELLING SUPPLEMENT The Land and Buildings Transaction Tax (Amendment) (Scotland) Act 2016 (LBTT(A)(S)A 2016) was granted Royal Assent on 24 March 2016. Introduced on 1 April 2016, an additional amount of Land and Buildings Transaction Tax (LBTT), known as the Additional Dwelling Supplement ("the ADS"), is due on the purchase of additional dwellings in Scotland, such as buy-to-let properties and second homes. LBTT10066 - TRANSACTIONS INVOLVING INHERITED DWELLINGS LBTT10066 - Transactions involving inherited dwellings. Individuals do not pay LBTT on dwellings that they inherit, and this treatment will not change with the introduction of the ADS. However, inherited dwellings will be relevant when determining if a buyer is purchasing an additional dwelling or not. Where a buyer is entitled/has right to

the

ABOUT REVENUE SCOTLAND Recent publications on Revenue Scotland. View all publications. 21 May 2021. XLS. Monthly LBTT Statistics April 2021. View monthly publication of Land and Buildings Transaction Tax. Read the publication. 9 March 2021. PDF.

CALCULATE TAX

Calculate Tax. The tax calculator allows taxpayers and agents to work out the amount of LBTT payable on residential, non-residential or mixed property transactions, and non-residential lease transactions based on the rates and thresholds. LBTT is a self-assessed tax and therefore Revenue Scotland does not accept liability for the use by SIGN IN | SCOTLAND'S DEVOLVED TAXES AUTHORITY | REVENUE Sign in. UsernameThis is the username you first registered with. Forgotten your username? Password. Forgotten your password? Register if you don't have an account. Activate your account if you have created an account and have an e-mail about confirming your account

creation.

CALCULATE PROPERTY TRANSACTIONS Calculate Tax. The tax calculator allows taxpayers and agents to work out the amount of LBTT payable on residential, non-residential or mixed property transactions, and non-residential lease transactions based on the rates and thresholds. LBTT is a self-assessed tax and therefore Revenue Scotland does not accept liability for the use by LAND AND BUILDINGS TRANSACTION TAX Land and Buildings Transaction Tax. LBTT is a tax applied to residential and commercial land and buildings transactions (including commercial properties and commercial leases) where a chargeable interest is acquired. Land and Buildings Transaction Tax (LBTT) replaced UK Stamp Duty Land Tax (SDLT) in Scotland from 1 April 2015. LBTT3025 - GROUP RELIEF LBTT3003 - NO CHARGEABLE CONSIDERATION LBTT3003 - No chargeable consideration. LBTT guidance on the exemption from LBTT of a land transaction with no chargeable consideration, such as the gifting of a property. Land or buildings may be gifted or the ownership transferred to another person for no 'chargeable consideration'. This means that no money (or money’s worth) changes

hands

HOW TO CLAIM A REPAYMENT OF ADDITIONAL DWELLING SUPPLEMENT The way in which claims for repayment of Additional Dwelling Supplement (ADS) are made depends on who is making the claim: Agents claiming on behalf of a Taxpayer should either amend the original LBBT return in SETS or else complete the new online repayment claim form and email back to Revenue Scotland Taxpayers making repayment claims themselves should use the new online process More LBTT10001 - LBTT ADDITIONAL DWELLING SUPPLEMENT The Land and Buildings Transaction Tax (Amendment) (Scotland) Act 2016 (LBTT(A)(S)A 2016) was granted Royal Assent on 24 March 2016. Introduced on 1 April 2016, an additional amount of Land and Buildings Transaction Tax (LBTT), known as the Additional Dwelling Supplement ("the ADS"), is due on the purchase of additional dwellings in Scotland, such as buy-to-let properties and second homes. LBTT10066 - TRANSACTIONS INVOLVING INHERITED DWELLINGS LBTT10066 - Transactions involving inherited dwellings. Individuals do not pay LBTT on dwellings that they inherit, and this treatment will not change with the introduction of the ADS. However, inherited dwellings will be relevant when determining if a buyer is purchasing an additional dwelling or not. Where a buyer is entitled/has right to

the

ABOUT REVENUE SCOTLAND Recent publications on Revenue Scotland. View all publications. 21 May 2021. XLS. Monthly LBTT Statistics April 2021. View monthly publication of Land and Buildings Transaction Tax. Read the publication. 9 March 2021. PDF.

HOW TO PAY LBTT

Direct Debit. Revenue Scotland is able to offer agents who are registered users of SETS the option of payment by Direct Debit. If you are interested in paying this way, please complete the Direct Debit Report Consent form and email back to: finance@revenue.scot. Please note: setting up Direct Debit payments may take up to 10 days. ADS REPAYMENT CLAIMS Coronavirus (Scotland) (No.2) Act 2020. Under new legislation introduced by the Coronavirus (Scotland) (No.2) Act 2020, there will be an increase of 18 months to the period in which some buyers can dispose of a previous main residence and still be eligible for a repayment of the ADS. LBTT3003 - NO CHARGEABLE CONSIDERATION LBTT3003 - No chargeable consideration. LBTT guidance on the exemption from LBTT of a land transaction with no chargeable consideration, such as the gifting of a property. Land or buildings may be gifted or the ownership transferred to another person for no 'chargeable consideration'. This means that no money (or money’s worth) changes

hands

HOW TO MAKE AN ONLINE LBTT RETURN This guidance will help you make an online Land and Buildings Transaction Tax (LBTT) return. Separate guidance is available on ‘How to pay LBTT’, including setting up Direct Debit and BACS/CHAPS payment arrangements. Separate guidance is also available on how to submit a lease review return for three-year reviews and returns upon assignation or termination. LBTT3001 - EXEMPTIONS AND RELIEFS LBTT3001 - Exemptions and reliefs. Chapter 3 of the LBTT legislation guidance covering exemptions and reliefs from LBTT. The LBTT (S)A 2013 distinguishes chargeable transactions and notifiable transactions. With certain exceptions, all chargeable transactions are notifiable,

but

LBTT2008 - LINKED TRANSACTIONS LBTT2008 - Linked transactions. LBTT guidance on linked transactions when determining the chargeable consideration in a land transaction. There are some situations when two or more property transactions that involve the same buyer and seller are treated as being linked for LBTT purposes (see LBTT4013 for further guidance on calculating the tax LBTT7012 - PARTNERSHIPS: EXEMPTIONS, RELIEFS AND The status of a partnership for group relief purposes depends on the nature of that partnership. Scottish Partnerships and Scottish Limited Partnerships are not bodies corporate and therefore cannot be members of an LBTT group. They do have legal personality and can own shares in a subsidiary. This means a Scottish Partnership causes a break in LBTT10040 - EXEMPTIONS AND RELIEFS FROM THE ADS LBTT10040 - Exemptions and reliefs from the ADS. The existing exemptions which apply to LBTT transactions also apply to transactions involving the purchase of additional dwellings. Consequently, where a transaction is exempt from LBTT, it will not be subject to the ADS. For example, the gift of a dwelling under paragraph 1 of schedule 1 to

the

LBTT10062 - TRANSACTIONS INVOLVING SPOUSES/CIVIL PARTNERS Married couples, those in a civil partnership and cohabitants (those living together as though married, including same-sex cohabitants), along with their dependent children (children under 16, including adopted children), are treated as one economic unit for the purposes of determining how many properties a buyer owns at the end of the day that is the effective date of the transaction. ABOUT REVENUE SCOTLAND Recent publications on Revenue Scotland. View all publications. 21 May 2021. XLS. Monthly LBTT Statistics April 2021. View monthly publication of Land and Buildings Transaction Tax. Read the publication. 9 March 2021. PDF. SIGN IN | SCOTLAND'S DEVOLVED TAXES AUTHORITY | REVENUE Sign in. UsernameThis is the username you first registered with. Forgotten your username? Password. Forgotten your password? Register if you don't have an account. Activate your account if you have created an account and have an e-mail about confirming your account

creation.

CALCULATE TAX

Calculate Tax. The tax calculator allows taxpayers and agents to work out the amount of LBTT payable on residential, non-residential or mixed property transactions, and non-residential lease transactions based on the rates and thresholds. LBTT is a self-assessed tax and therefore Revenue Scotland does not accept liability for the use by CALCULATE PROPERTY TRANSACTIONS Calculate Tax. The tax calculator allows taxpayers and agents to work out the amount of LBTT payable on residential, non-residential or mixed property transactions, and non-residential lease transactions based on the rates and thresholds. LBTT is a self-assessed tax and therefore Revenue Scotland does not accept liability for the use by LBTT3025 - GROUP RELIEF LBTT3003 - NO CHARGEABLE CONSIDERATION LBTT3003 - No chargeable consideration. LBTT guidance on the exemption from LBTT of a land transaction with no chargeable consideration, such as the gifting of a property. Land or buildings may be gifted or the ownership transferred to another person for no 'chargeable consideration'. This means that no money (or money’s worth) changes

hands

LBTT6005 - VARIABLE OR UNCERTAIN RENT LBTT6005 - Variable or uncertain rent. LBTT guidance on rules regarding the treatment of variable or uncertain rent when determining the chargeable consideration in a land transaction involving a lease. If the amount of rent to be paid varies in accordance with the provisions of the lease (for example, where there are rent reviews or

in

LBTT7012 - PARTNERSHIPS: EXEMPTIONS, RELIEFS ANDSEE MORE ON

REVENUE.SCOT

LBTT10066 - TRANSACTIONS INVOLVING INHERITED DWELLINGS LBTT10066 - Transactions involving inherited dwellings. Individuals do not pay LBTT on dwellings that they inherit, and this treatment will not change with the introduction of the ADS. However, inherited dwellings will be relevant when determining if a buyer is purchasing an additional dwelling or not. Where a buyer is entitled/has right to

the

TRANSITIONAL LEASE

An SDLT return was submitted and resultant tax paid. On 1 August 2015, a minute of variation was executed to extend the lease for a further 5 years. This is treated for LBTT purposes as the grant of a new lease under Article 13 of The Land and Buildings Transaction Tax ABOUT REVENUE SCOTLAND Recent publications on Revenue Scotland. View all publications. 21 May 2021. XLS. Monthly LBTT Statistics April 2021. View monthly publication of Land and Buildings Transaction Tax. Read the publication. 9 March 2021. PDF. SIGN IN | SCOTLAND'S DEVOLVED TAXES AUTHORITY | REVENUE Sign in. UsernameThis is the username you first registered with. Forgotten your username? Password. Forgotten your password? Register if you don't have an account. Activate your account if you have created an account and have an e-mail about confirming your account

creation.

CALCULATE TAX

Calculate Tax. The tax calculator allows taxpayers and agents to work out the amount of LBTT payable on residential, non-residential or mixed property transactions, and non-residential lease transactions based on the rates and thresholds. LBTT is a self-assessed tax and therefore Revenue Scotland does not accept liability for the use by CALCULATE PROPERTY TRANSACTIONS Calculate Tax. The tax calculator allows taxpayers and agents to work out the amount of LBTT payable on residential, non-residential or mixed property transactions, and non-residential lease transactions based on the rates and thresholds. LBTT is a self-assessed tax and therefore Revenue Scotland does not accept liability for the use by LBTT3025 - GROUP RELIEF LBTT3003 - NO CHARGEABLE CONSIDERATION LBTT3003 - No chargeable consideration. LBTT guidance on the exemption from LBTT of a land transaction with no chargeable consideration, such as the gifting of a property. Land or buildings may be gifted or the ownership transferred to another person for no 'chargeable consideration'. This means that no money (or money’s worth) changes

hands

LBTT6005 - VARIABLE OR UNCERTAIN RENT LBTT6005 - Variable or uncertain rent. LBTT guidance on rules regarding the treatment of variable or uncertain rent when determining the chargeable consideration in a land transaction involving a lease. If the amount of rent to be paid varies in accordance with the provisions of the lease (for example, where there are rent reviews or

in

LBTT7012 - PARTNERSHIPS: EXEMPTIONS, RELIEFS ANDSEE MORE ON

REVENUE.SCOT

LBTT10066 - TRANSACTIONS INVOLVING INHERITED DWELLINGS LBTT10066 - Transactions involving inherited dwellings. Individuals do not pay LBTT on dwellings that they inherit, and this treatment will not change with the introduction of the ADS. However, inherited dwellings will be relevant when determining if a buyer is purchasing an additional dwelling or not. Where a buyer is entitled/has right to

the

TRANSITIONAL LEASE

An SDLT return was submitted and resultant tax paid. On 1 August 2015, a minute of variation was executed to extend the lease for a further 5 years. This is treated for LBTT purposes as the grant of a new lease under Article 13 of The Land and Buildings Transaction Tax LAND AND BUILDINGS TRANSACTION TAX Land and Buildings Transaction Tax. LBTT is a tax applied to residential and commercial land and buildings transactions (including commercial properties and commercial leases) where a chargeable interest is acquired. Land and Buildings Transaction Tax (LBTT) replaced UK Stamp Duty Land Tax (SDLT) in Scotland from 1 April 2015. ADS REPAYMENT CLAIMS Coronavirus (Scotland) (No.2) Act 2020. Under new legislation introduced by the Coronavirus (Scotland) (No.2) Act 2020, there will be an increase of 18 months to the period in which some buyers can dispose of a previous main residence and still be eligible for a repayment of the ADS.

HOW TO PAY LBTT

Direct Debit. Revenue Scotland is able to offer agents who are registered users of SETS the option of payment by Direct Debit. If you are interested in paying this way, please complete the Direct Debit Report Consent form and email back to: finance@revenue.scot. Please note: setting up Direct Debit payments may take up to 10 days. LBTT PENALTIES: SUBMITTING OR PAYING LATE 5% of outstanding tax. Second late payment penalty. Tax not paid within 5 months of first late payment penalty date. 5% of outstanding tax. Third late payment penalty. Tax not paid within 11 months of first late payment penalty date. 5% of outstanding tax. For more information see RSTP3009 - Penalties for failing to pay LBTT on time. HOW TO MAKE AN ONLINE LBTT RETURN This guidance will help you make an online Land and Buildings Transaction Tax (LBTT) return. Separate guidance is available on ‘How to pay LBTT’, including setting up Direct Debit and BACS/CHAPS payment arrangements. Separate guidance is also available on how to submit a lease review return for three-year reviews and returns upon assignation or termination. LBTT3003 - NO CHARGEABLE CONSIDERATION LBTT3003 - No chargeable consideration. LBTT guidance on the exemption from LBTT of a land transaction with no chargeable consideration, such as the gifting of a property. Land or buildings may be gifted or the ownership transferred to another person for no 'chargeable consideration'. This means that no money (or money’s worth) changes

hands

WORKED EXAMPLES

The following worked examples complement the Additional Dwelling Supplement legislation guidance which is available separately on our website. Please note that these examples are not intended to cover every scenario to which the ADS could apply. If your situation LBTT6005 - VARIABLE OR UNCERTAIN RENT LBTT6005 - Variable or uncertain rent. LBTT guidance on rules regarding the treatment of variable or uncertain rent when determining the chargeable consideration in a land transaction involving a lease. If the amount of rent to be paid varies in accordance with the provisions of the lease (for example, where there are rent reviews or

in

LBTT10061 - TRANSACTIONS INVOLVING JOINT BUYER LBTT10061 - Transactions involving joint buyer. There are many scenarios where two or more people may own or buy a dwelling together. The term "joint buyers" relates to both couples purchasing a dwelling jointly and to every other scenario where two or more parties purchase a dwelling, almost always on a common, or pro indiviso basis (i.e. where ownership of a property is to be held by two or LBTT2008 - LINKED TRANSACTIONS LBTT2008 - Linked transactions. LBTT guidance on linked transactions when determining the chargeable consideration in a land transaction. There are some situations when two or more property transactions that involve the same buyer and seller are treated as being linked for LBTT purposes (see LBTT4013 for further guidance on calculating the tax

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WELCOME TO REVENUE SCOTLAND Revenue Scotland is responsible for the management and collection of Scotland’s devolved taxes. As part of Covid-19 business continuity measures, Revenue Scotland has modified its tax services but continues to work to normal operating hours. Further information is available on our dedicated Covid-19

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AGENT ACCESS TO ONLINE PORTAL TAXPAYER ACCESS TO ONLINE PORTAL The upgraded SETS system is now live and available for use.

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LAND AND BUILDINGS TRANSACTION TAX Quick links to key areas LBTT TAX CALCULATORS Calculate tax due on your transaction

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