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
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.
Jacqueline Law, managing partner at Aberdein Considine An estate agent has bemoaned tax changes for second homeowners for “driving landlords out” of the private rented sector and triggering a sell-off by investors.
A consultation on the details of the first-time buyer relief from Land and Buildings Transaction Tax (LBTT) has been launched by the Scottish Government ahead of the introduction of new policy later this year. Announced in the draft Scottish Budget 2018/19, the relief will effectively raise the zero
CALA's Ravelrig Heights development in Balerno A housebuilder is offering homebuyers in the east of Scotland the chance to buy a home without having to pay the full Land and Buildings Transaction Tax (LBTT).
A Mactaggart & Mickel Homes development at Millerhill Scottish housebuilder Mactaggart & Mickel Homes has responded to the UK government’s announcement on stamp duty by announcing that it is following suit to help first-time buyers get on the housing ladder.
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.
David Melhuish 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.
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.
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
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).
Karen Campbell 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.
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
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.