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
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
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
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. The lawyers' body intervened ahead of the stage 3 debate on the Land and Building
Amanda Wiewiorka 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.
David Melhuish The Scottish Government is to exempt transactions of six or more homes from the additional LBTT surcharge.
Kenneth Gibson MSP Legislation that would levy a supplement on the purchase of additional residential properties has been given the backing of MSPs on the Scottish Parliament’s finance committee.
Plans to introduce an additional supplement on homeowners buying a second home or buy-to-let property will make it even harder for the most vulnerable tenants to get the accommodation they want at a price they can afford, the Scottish Association of Landlords (SAL) has said. Published by the Scottis
John Swinney Homeowners buying a second home or buy-to-let property will have to pay an additional supplement under new legislation which aims to give first time buyers “the greatest possible chance to get a foot on the property ladder”.
John Swinney The Scottish Government has announced a year-year increase of £90 million to its affordable housing budget to help it achieve its target of delivering 50,000 affordable homes during the next parliament.
Shelter Scotland has lamented new statistics which revealed that house prices in Scotland have seen their highest annual increase since 2007. The Office for National Statistics (ONS) said average prices climbed by 14.6 per cent over the year to March, to stand at £207,000.
Sarah Speirs House prices in Scotland rose in April ahead of the General Election with 31 per cent more surveyors reporting house price increases, according to the latest RICS UK Residential Market Survey.