How will I be affected by the new LBTT supplement?
FEB 03, 2016 ‹ back to news & views
From 1 April 2016, a new LBTT supplement will be charged on additional residential properties over £40 000. If you are buying a second property such as buy-to-let or a second home costing over £40 000, you will be required to pay the additional homes supplement amounting to 3% of the whole purchase price.
The above is an extract from: https://www.revenue.scot/land-buildings-transaction-tax/frequently-asked-questions
And here is a table to demonstrate it in action: http://www.scottish.parliament.uk/parliamentarybusiness/CurrentCommittees/95263.aspx