January 2021 – 1st Time Buyer Relief – LBTT

Introduction Land and buildings transaction tax (“LBTT”) is the Scottish version of “stamp duty land tax”. In practice, LBTT is payable mainly in two cases: (1) the purchase of land including in particular residential property, and (2) the grant or … More

Posted in Bullet Point Update Tagged , , ,

Changes to the Land and Buildings Transaction Tax (LBTT)

With effect from the 25 January 2019 certain changes in the rates and thresholds of LBTT took place. These apply to: Transactions where Additional Dwelling Supplement (ADS) is payable Non residential property transactions where a lump sum changes hands ( … More

Posted in Blog Tagged , , , ,