The leader of the Scottish Conservatives, Douglas Ross, has outlined plans to increase the home building target to 25,000 properties per year and said councils should be able to vary Land and Buildings Transaction Tax (LBTT) thresholds to take into account higher local prices. The Scottish Cons
Finance secretary Kate Forbes has confirmed an extended cut to stamp duty for housebuyers in England will not be matched by the Scottish Government. Chancellor Rishi Sunak used his Budget to announce continued relief for property purchases, but the Scottish finance secretary said the temporary reduc
The Scottish Government must match Chancellor Rishi Sunak's reported extension of the stamp duty holiday beyond March if there is to be a level playing field in the property market from April to June, according to a property and lettings firm. David Alexander, joint chief executive officer
Homebuyers will be able to take advantage of reduced rates of Land and Buildings Transaction Tax (LBTT) from this week, after finance secretary Kate Forbes responded to calls for a quick implementation of the change. The threshold at which LBTT begins to be paid will rise from £145,000 to &pou
The threshold at which Land and Buildings Transaction Tax (LBTT) is paid will be raised from £145,000 to £250,000 as the Scottish Government steps up efforts to support homebuyers and help the economy recover from the impact of coronavirus.
Scotland's housing market could recover quicker from coronavirus than the last financial crash if the government freezes sales taxes to help home buyers, according to the Scottish Building Society. CEO Paul Denton said support measures such a Land and Buildings Transaction Tax holiday coul
Some house buyers could miss out on being able to claim a refund for a property tax charge if they have been unable to sell their old home because of the coronavirus pandemic, the Chartered Institute of Taxation (CIOT) has said. The second home charge, or Additional Dwelling Supplement (ADS), is a 4
Penalties imposed by Revenue Scotland (RS) over the late filing of a land and buildings transaction tax (LBTT) return have been quashed after the tax agency failed to produce evidence that it had taken a decision to impose the penalties, as required by legislation.
By Rodney Whyte, partner and property and planning specialist at legal firm Pinsent Masons As a specialist in land acquisition and housebuilding, it was encouraging to note that revenue from the Land and Building Transaction Tax (LBTT) in the last full financial year rose by 12.8% to £546 mill
David Alexander David Alexander, managing director of Edinburgh-based property management firm DJ Alexander makes the case for tweaking LBTT
A seasonal upturn in property market activity has delivered a £57 million boost to Scottish Government revenues, generating the third highest monthly return since the Land and Buildings Transaction Tax (LBTT) was introduced.
Moira Kelly The Chartered Institute of Taxation (CIOT) has welcomed Scottish Government plans to consider the introduction of a new relief from Land and Buildings Transaction Tax (LBTT) for investors such as pension funds and insurance companies that invest in Scottish property.
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.
Ken McEwan Ken McEwan says we all face having to pick-up the tab for what he refers to as the Scottish Government’s "botched" Land and Buildings Transaction Tax as he appeals for an urgent reform to the property tax.