LBTT

Lower LBTT revenues ‘support case for increased residential change’

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

Call for ‘silver sellers’ to be offered downsize incentives to free up homes

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

LBTT ‘operationally successful’ but too early to assess impact on market

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

Property industry calls for residential LBTT rates reform

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

Concern LBTT is blocking progress up the property ladder

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

First time buyers aided by LBTT sales increase

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

Finance Secretary urged to look again at impact of LBTT rates

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

Impending ‘second homes tax’ sparks house sales surge

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

First dip in Scots house prices in eight months, despite surge in sales

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

LBTT tax changes still affecting house prices in east central Scotland

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

Stamp Duty changes could herald LBTT rethink, says Scottish tax body

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