Land and Buildings Transaction Tax (Scotland) Act 2013 section Schedule 4 para 28

The permitted amount for dwelling refurbishment

Schedule 4 paragraph 28 sets out the maximum amount (the "permitted amount") that can be attributed to the refurbishment of a dwelling when calculating the chargeable consideration for LBTT purposes.

• The permitted amount is the ceiling on refurbishment costs that may be deducted or disregarded when determining the taxable consideration for a dwelling acquisition.
• For dwellings acquired for £200,000 or less, the permitted amount is a flat £10,000.
• For dwellings acquired for more than £200,000 but no more than £400,000, the permitted amount is 5% of the consideration paid.
• For dwellings acquired for more than £400,000, the permitted amount is capped at a flat £20,000.