Land and Buildings Transaction Tax Calculator

Use the Land and Buildings Transaction Tax (LBTT) calculator to find out roughly how much Land and Buildings Transaction Tax you may pay depending on the valuation of your property and your reason for buying it.

The Land and Buildings Transaction Tax Calculator calculation for before 15th July is based on the rates from the 2020 to 2021 financial year which remain unchanged from 2019 to 2020. The post 15th July rates are based on the threshold increase to 31st March 2021.

LBTT Calculator

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This calculator provides a guide to the amount of residential Land and Buildings Transaction Tax you may pay and does not guarantee this will be the actual cost. The pre 15th July 2020 calculation is based on the rates from the 2020 to 2021 financial year which remain unchanged from 2019 to 2020. The post 15 July rates are from 15 July 2020 to 31 March 2021. For more information on Land and Buildings Transaction Tax, click here.

What is Land and Buildings Transaction Tax?

The Land and Buildings Transaction Tax (LBTT) is a tax applied to residential and non-residential land and buildings transactions (including commercial leases). The rate of Land and Buildings Transaction Tax depends on the type of property you are buying and what you're buying it for. It varies depending on the price of your chosen property. 

How much Land and Buildings Transaction Tax will I usually pay?

Prior to 15th July 2020, if the property was bought as your main residence and cost more than £145,000 then you would have to pay LBTT, and if you were a first-time buyer you wouldn't have to pay any LBTT on a property up to £175,000. After 15th July 2020 to 31st March 2021 the threshold for no charge has been raised to £250,000. The amount you then pay depends on the value of your property as it is worked out on a percentage of your purchase price. It is important to consider LBTT when thinking about buying a house as in some cases it could be a considerable amount.

If you are buying a second home then you will pay the LBTT Additional Dwelling Supplement (ADS) which is payable on the total purchase price of an additional property of £40,000 or more. The ADS is charged at 4% of the total purchase price of the property. 

How much is your house worth?

Book a free property valuation with your local property expert and we’ll give you an accurate sales valuation, talk you through the sales process and explain why it pays to be with Your Move.

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