Stamp Duty

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.