Lbtt

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The Scottish Government has published its response to the review of the 6% Additional Dwelling Supplement (ADS) with a consultation on proposed changes including one which will see councils no longer having to pay a tax on additional properties when buying affordable housing stock.

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The Scottish Government's plan to increase the Additional Dwelling Supplement from 4% to 6% has been questioned by two SNP MSPs. Unveiled as part of the draft Budget, the increase, which is paid as part of Land and Buildings Transaction Tax (LBTT) on additional properties, is expected to r

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The Scottish Government must match Chancellor Rishi Sunak's reported extension of the stamp duty holiday beyond March if there is to be a level playing field in the property market from April to June, according to a property and lettings firm. David Alexander, joint chief executive officer

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New research from Rettie & Co has revealed that Land and Buildings Transaction Tax (LBTT) returns were up 1.2% in 2019/20. The firm has also found that LBTT revenues had increased by 10% from the previous year, however, the future remains uncertain due to the severe impact of the coronavirus cri

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David Melhuish A seasonal upturn in property market activity has delivered a £57 million boost to Scottish Government revenues, generating the third highest monthly return since the Land and Buildings Transaction Tax (LBTT) was introduced.

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The latest Land and Buildings Transaction Tax (LBTT) tax relief to first-time buyers is a positive change, especially in the current market conditions, according to estate agents. Effective from June 30, changes to the LBTT Scotland Act 2013 introduced tax relief for first-time buyers acquiring owne

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Shawn Wood The LBTT relief for first-time buyers, which came into force on June 30th, is the latest in a series of moves by the Scottish Government to help people get on the property ladder, but buyers will struggle to compete for properties in city centres in the current climate, says Shawn Wood.

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First-time buyers will be helped to purchase their first home through a new tax relief which came into force at the weekend. Around 80% of first-time buyers will pay no tax as the Land and Buildings Transaction Tax (LBTT) First Time Buyer relief comes into effect. The change sees the zero-rated LBTT

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Robin Mitchell As the third anniversary (April) of the introduction of Land and Buildings Transaction Tax (LBTT) approaches, Robin Mitchell offers a timely reminder of tenants’ responsibilities.

1-15 of 42 Articles