TITLE: Excel Scottish Land Tax calculator
DATE: 2023-06-10
AUTHOR: John L. Godlee
====================================================================


Me and my partner are in the process of buying our first house. In
Scotland, property transactions are subject to Land Tax. Land Tax
is calculated based on the property price and is based on tiers.
The first 145k is free, then 145-250k is subject to 2% tax,
250-325k is 5% and so on. For first time buyers the tax free amount
is raised to 175k.

 [Land Tax]:
https://www.gov.scot/policies/taxes/land-and-buildings-transaction-t
ax/

There are a few online Land Tax calculators, but I wanted something
offline so I could automatically update the land tax amount
depending on how much we choose to offer on the property we
eventually go for.

 [online Land Tax calculators]:
https://revenue.scot/calculate-tax/calculate-property-transactions

I've uploaded the .xlsx spreadsheet to calculate the Land Tax here,
in case it is useful for anybody else. You enter the property
price, and whether you are eligible for first time buyers relief,
and the spreadsheet calculates the total Land Tax payable.


[here](https://johngodlee.xyz/files/land_tax/scot_land_tax_calc.xlsx
)

Update 2023-08-11

I have updated the land tax calculator to be slightly more compact,
and added it to a broader house purchase calculator, which I used
when organising our house purchase. This method worked for me, but
everybody has different circumstances, so it might not be useful
for others.

 [house purchase
calculator](https://johngodlee.xyz/files/land_tax/scot_house_purchas
e_calc.xlsx)

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