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Rates Announced for Scotland’s Devolved Taxes | Tax Connect Flash

During the recent Scottish Budget, rates were announced for Scotland’s two devolved taxes, Land and Buildings Transaction Tax and Scottish Landfill Tax.

The rates are:

Land and Buildings Transaction Tax (Non-residential)

Consideration From (£)

Consideration To (£)

Rate (%)

0

150,000

0.0%

150,001

350,000

3.0%

350,001

N/A

4.5%

Scottish Landfill Tax

  • Lower rate will be £2.60 per tonne
  • Standard rate will be £82.60 per tonne

For full details on the new taxes (which come into force from April 2015) and the further Scottish tax changes which may arise from the on-going Scottish devolution debate, go to our Tax page on the Scot-Next site.