Sep 28, 2022 | Bullet Point Update
Something was said about the new licensing scheme for short-term lets in our February BPU. But as the system goes live on the 1st of next month (October) it may be worth offering an outline re-cap. From 1 October 2022, if you use a property to offer short-term lets...
Dec 24, 2021 | Bullet Point Update
The existing property registers · If you own a house or flat or land your right as owner will be registered in either the quaintly named “Register of Sasines” or the newer and more transparently named “Land Register”. · Similarly, if you are a tenant under a lease for...
Sep 11, 2021 | Bullet Point Update
Believe it or not there is something called the Office of Tax Simplification (“the OTS”). It was set up in 2010 and no doubt they try their best but one might think they have not made much headway so far. One does not know what Orlov the meerkat of “simples” fame...
Aug 9, 2021 | Bullet Point Update
Background New residential tenancies are now called “private residential tenancies” or “PRTs” under the Private Housing (Tenancies)(Scotland) Act 2016 (“the Act”). If a landlord wants to terminate a PRT there is some scope for mutually agreed termination where the...
Jan 15, 2021 | Bullet Point Update
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 transfer of leases...
