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 transfer of leases...

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 ( e.g. a...