Lbtt

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David Melhuish The returns for the Scottish Government’s Land and Building Transaction Tax (LBTT) returns in February 2017 generated the lowest LBTT revenue of any other month in 2016/17, official figures have shown.

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Jeremy Blackburn Older homeowners looking to downsize should not have to pay the Scottish Government’s Land and Buildings Transaction Tax (LBTT) on their purchase in a bid to free up homes for younger buyers and re-energise the country’s flagging property market, housing experts have claimed.

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Scotland’s transition to the new Land & Buildings Transaction Tax (LBTT) was “operationally successful” but it is “too early to draw any definitive conclusions” on its impact on the property market, MSPs on a Holyrood committee have said. A report by the Scottish Parliament’s finance

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David Melhuish The Scottish Property Federation (SPF) has called for the 5 per cent threshold of residential LBTT to be raised to £500,000 in the light of evidence suggesting a downturn in the value and number of transactions in the first year of the Land and Buildings Transaction Tax (LBTT).

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House sales in Scotland have seen a significant boost thanks to a new property tax, with first time buyers among the beneficiaries. The Land and Buildings Transaction Tax (LBTT), introduced earlier this year to help first time buyers get a foothold on the property ladder, has led to an 11 per cent b

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Murdo Fraser The Scottish Conservatives will today warn that if new Finance Secretary Keith Brown wants “a quick win” he needs to look again at the impact of Lands and Buildings Transactions Tax (LBTT) rates on the housing market.

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The number of house sales across Scotland has increased by more than a fifth in a month as landlords rushed to buy up property ahead of changes to the Land and Buildings Transaction Tax (LBTT). The House Price Index for Scotland by Your Move/Acadata found home sales rose by 21 per cent between Febru

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Average property prices in Scotland fell 1 per cent in February from the previous month – the first monthly drop seen since June 2015. The dip comes despite the strongest February for home sales north of the border since 2008, up 19 per cent year-on-year after a buy-to-let flurry, Your Move figure

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ESPC’s business analyst Maria Botha-Lopez Average selling prices across east central Scotland have seen notable decreases over the last three months due to Land and Buildings Transaction Tax (LBTT) changes, according to the latest analysis from ESPC.

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Moira Kelly Chancellor George Osborne’s Budget announcement included a series of measures affecting Stamp Duty Land tax (SDLT), both on commercial properties and residential properties that could provoke a rethink of similar charges north of the border, according to the Chartered Institute of Taxa

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New legislation introducing a tax supplement on purchases of additional residential properties has been passed by the Scottish Parliament. MSPs voted in favour of the Land and Buildings Transaction Tax (LBTT) (Amendment) (Scotland) Bill following a Stage 3 debate yesterday – meaning a supplement w

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DLA Piper will host a free seminar this week on the imminent changes to second home buying following the introduction of the extra charge for buy-to-let properties and second homes which was passed by the Scottish Parliament yesterday. Hosted by DLA Piper’s real estate practice, the breakfast semi

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