Lbtt

Scotland's home building industry is warning ministers of a drop in future housing market activity unless the Land and Buildings Transaction Tax (LBTT) band is extended. Homes for Scotland (HFS) repeated its call for the extension of the current 5% band in order to address the 'considerable drop' in

Tax professionals have welcomed another strong performance from the body charged with administering and collecting Scotland’s devolved taxes but cautioned that the numbers are likely to fuel further concerns over the Scottish Government’s flagship Land and Buildings Transaction Tax (LBTT). Reven

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.

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

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

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

A new tax which changes the way people pay duty on house purchases has come into effect in Scotland today. The Land and Buildings Transaction Tax (LBTT) replaces UK stamp duty under new devolved powers contained in the Scotland Act 2012.

First-time buyers have been handed a tax boost after finance secretary John Swinney announced sweeping revisions to his replacement for stamp duty which will see 50 per cent of all household transactions paying no tax. Revisions to the Land and Buildings Transaction Tax (LBTT), which will replace St

Deputy first minister and cabinet secretary for finance John Swinney is to consider revised residential tax rates for the Land and Buildings Transaction Tax (LBTT) as part of the budget. Mr Swinney will review the rates for the LBTT, which will replace UK Stamp Duty Land Tax from April 2015, when th

Sarah Speirs The number of potential new house buyers dipped for the second consecutive month in December, according to the latest RICS Residential Market Survey.

Sarah Speirs House prices in Scotland will see an average increase of four per cent over the course of next year with rents rising by just over two per cent, according to Royal Institution of Chartered Surveyors (RICS) forecasts.

Philip Hogg The radical overhaul of stamp duty announced by chancellor George Osborne in yesterday’s Autumn Statement has emphasised the need an intermediate band in Scotland’s new Land and Buildings Transaction Tax (LBTT), according to Scotland’s home builders industry body.

Commercial property sales in Scotland almost doubled in 2014’s third quarter, rising from £592m in Q2 to £962m in Q3. This figure represents the best quarterly return on commercial property sales in Scotland since 2008 and the onset of the recession.

John Hamilton The Scottish Property Federation (SPF) has announced John Hamilton, chief executive of Winchburgh Developments, as its new chairman.