Receipts from the Scottish Government’s Land and Buildings Transaction Tax (LBTT) may fall below government estimates at the end of the 2016/17 financial year, according to official statistics.
Published 24 February 2017
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.
Published 24 January 2017
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.
Published 6 December 2016
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).
Published 6 September 2016
Homes for Scotland has expressed its concern over the impact that the Land and Buildings Transaction Tax (LBTT) is having on the wider housing market.
Published 30 August 2016
House sales in Scotland have seen a significant boost thanks to a new property tax, with first time buyers among the beneficiaries.
Published 16 June 2016
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.
Published 31 May 2016
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).
Published 18 May 2016
Average property prices in Scotland fell 1 per cent in February from the previous month – the first monthly drop seen since June 2015.
Published 21 April 2016
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.
Published 8 April 2016
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 Taxation (CIOT).
Published 18 March 2016
New legislation introducing a tax supplement on purchases of additional residential properties has been passed by the Scottish Parliament.
Published 9 March 2016
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.
Published 9 March 2016
The Law Society of Scotland has said the effects of an additional tax on second homes should be monitored closely to ensure that people who are simply trying to move house are not caught out by the proposed new charge.
Published 8 March 2016
The current combination of tax changes will hurt small investors, leading to an insufficient supply of suitable rental accommodation to meet demand in Angus, says Amanda Wiewiorka, company director at Wardhaugh Property.
Published 3 March 2016