Category: Property Market News
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2014 Review of the Year – Scottish Property Market
Read the article: 2014 Review of the Year – Scottish Property Market2014 has been quite an eventful year for the Scottish property market! A September referendum on whether or not Scotland should become independent, final details of a new property tax to replace Stamp Duty in Scotland from 1 April 2015, a shock announcement about changes to Stamp Duty in the UK effective from December 2014,…
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Predictions for the Scottish Property Market 2015
Read the article: Predictions for the Scottish Property Market 2015What does 2015 have in store for the Scottish property market? For our predictions for the Scottish Property Market in 2015, read on… The most significant event (that we know of so far) will be the replacement of Stamp Duty Land Tax (SDLT) on 1 April with Land and Buildings Transaction Tax (LBTT). For a…
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How Do Stamp Duty Changes Affect Properties on the Market?
Read the article: How Do Stamp Duty Changes Affect Properties on the Market?If your property is already on the market, you have probably heard in the Press in the past few days about significant changes that have happened, literally overnight, to the Stamp Duty regime. So, if you’re already on the market, what are the changes and how might they affect your sale? In Summary From 1…
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Christmas Cancelled for Property Solicitors and Estate Agents
Read the article: Christmas Cancelled for Property Solicitors and Estate AgentsIt’s official…if you’re an estate agent in Scotland this year, Christmas is cancelled. And it’s George Osborne’s fault. The Chancellor of the Exchequer, at times not the most popular man in Scotland anyway, has effectively cancelled Christmas holidays for every estate agent and property solicitor in Scotland in 2014 by announcing a reform of Stamp Duty that…
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A Guide to Stamp Duty (SDLT) Changes and LBTT
Read the article: A Guide to Stamp Duty (SDLT) Changes and LBTTThe UK government, on 3 December 2014, announced a radical overhaul of the Stamp Duty Land Tax (SDLT or Stamp Duty) system in its Autumn Statement. It comes into force on 4 December 2014. In Scotland, it will then be replaced by LBTT (Land and Buildings Transaction Tax) for Scottish property transactions completing after 1 April…
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What does the Land Registration etc. (Scotland) Act 2012 mean for property buyers and sellers in Scotland?
Read the article: What does the Land Registration etc. (Scotland) Act 2012 mean for property buyers and sellers in Scotland?On 8 December 2014 the legal process by which we buy and sell property in Scotland will be shaken-up by the coming-into force of the Land Registration etc. (Scotland) Act 2012 (after this, ‘the Act’). Conveyancing is seen as a bit of a stuffy, old-fashioned process, so a shake-up is surely a good thing, isn’t…
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MOV8 Property Market Update November 2014
Read the article: MOV8 Property Market Update November 2014November is a month when the property market is traditionally seen to be putting its feet up, snuggling up under a warm blanket and hunkering-down for the winter. But in 2014, the market continues apace, with sales continuing to come through as buyers try to find their dream home before Christmas. So, what has been…
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MOV8 Property Market Update October 2014
Read the article: MOV8 Property Market Update October 2014There are some months where I stare at a blank page and wonder what on earth to write about the past month in the Scottish property market. And then there are months like this where I don’t know how to filter it down! This month has seen the announcement of a monumental change in the…
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Land and Buildings Transaction Tax to Replace Stamp Duty in Scotland in 2015
Read the article: Land and Buildings Transaction Tax to Replace Stamp Duty in Scotland in 2015The finer details have just been announced for the Land and Buildings Transaction Tax that is due to replace Stamp Duty in April 2015. So, what are the new levels of tax on property purchases? What effect will this have on the property market? And it this an improvement on the existing system of Stamp…
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