Tax changes for property buyers

Nexus Wealth Planning > News > Tax changes for property buyers

Both the UK and Scottish Governments have introduced changes to the way tax is levied on house purchase transactions.

Doing away with the tiered system where buyers paid a flat rate of tax depending on which bracket the purchase fell into, there is now a ‘progressive’ scale which applies to all purchases.

All house buyers will pay 0% tax on the first portion of the house price – up to £145k in Scotland and £125k in the rest of the UK.

A levy of 2% is then made on the next portion up to £250,000 and a 5% rate applying to the next portion.

The rates increase up 12% on the most expensive properties as per the following table:-


Tax rate Scotland
Tax rate
£0 – £125k 0% £0 – £145k 0%
£125 – £250k 2% £145k – £250k 2%
£250K- £925k 5% £250k – £325k 5%
£925 – £1.5m 10% £325k – 750k 10%
£1.5m + 12% £750 + 12%


Calculate your tax

Both HMRC and Revenue Scotland have produced online tax calculators to allow you to see how the changes may affect you. Click the links below.


Revenue Scotland


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