In a recent episode of ESPC’s First-Timers Club podcast, MOV8’s Senior Legal Director, Gavin Pearson, dives into the essentials of Land and Buildings Transaction Tax (LBTT), an important factor to consider when buying property in Scotland. Whether you’re a first-time buyer or moving up the property ladder, understanding how LBTT works can make a big difference when budgeting for your purchase.
Gavin explains how LBTT is calculated and discusses the current rates and thresholds. He also shares key tips on what to look out for when budgeting for your property purchase, along with when LBTT needs to be paid and the reliefs available for first-time buyers.
If you’re preparing to buy your first home or simply want a clearer understanding of the process, this episode is full of useful insights to help you navigate LBTT and plan your finances effectively.
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