Tag: lbtt
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Guide to LBTT Additional Dwelling Supplement (ADS)
Read the article: Guide to LBTT Additional Dwelling Supplement (ADS)Stamp Duty on the purchase of residential properties was replaced in Scotland by Land and Buildings Transaction Tax (LBTT) on 1 April 2015. From 1 April 2016, an Additional Dwelling Supplement (ADS) was introduced for people buying an additional residential property, over and above their main home. The purpose of this article is to explain…
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Brexit, Trump and Interest Rate Cuts – 2016 Scottish Property Market Review
Read the article: Brexit, Trump and Interest Rate Cuts – 2016 Scottish Property Market Review2016 proved to be a surprising and at times tumultuous year, with the UK’s ‘Brexit’ vote to leave the EU and the election of Donald Trump as the next President of the United States of America. As 2016 draws to a close, we take a look back at your property market year in numbers. Volume…
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Scottish Government Draft Budget for 2017-18, Tax and LBTT Impact
Read the article: Scottish Government Draft Budget for 2017-18, Tax and LBTT ImpactOn Friday, 16 December 2016, the SNP’s Finance Secretary, Derek Mackay, unveiled the Scottish Government’s Spending Plans and Draft Budget for 2017-18. The Budget contains the Scottish Government’s detailed spending plans across various areas but we were interested for the purposes of this blog to examine any proposals that would affect the Scottish property market.…
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How to Buy a Property in Scotland
Read the article: How to Buy a Property in ScotlandBuying a property is a huge decision and financial commitment. Here are some suggestions to help you to get the best possible result when you are purchasing a property in Scotland. How Much Should You Offer? Properties are usually marketed in one of three ways: Offers Over (or Offers in Excess Of) – Offers are…
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Property News Round-Up June 2016
Read the article: Property News Round-Up June 2016This month we take our regular look at property sales and price trends, what might be on the horizon for interest rates, and of course how the recent result of the referendum on the UK’s continued membership of the EU might affect the property market. Property Sales Activity The latest figures released by the ESPC…
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Property News Round Up April 2016
Read the article: Property News Round Up April 2016Property News Round Up April 2016 This month we take a look at property sales and price trends, the extension of the Help to Buy Scheme in 2016, the supplementary Land and Buildings Transaction Tax (LBTT) charge for buy-to-let investors and second-home buyers, the possible effect of the EU Referendum on house prices and also…
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MOV8 Property Market Analysis April 2016
Read the article: MOV8 Property Market Analysis April 2016MOV8’s Property Market Analysis April 2016 Throughout the past year, the number of homes changing hands has been at its highest level since the onset of the ‘credit crunch’ in 2008. 2016 is already off to a very strong start so, as the leading property sales company in East Central Scotland, we thought we’d share…
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Property News Round Up March 2016
Read the article: Property News Round Up March 2016Property News Round Up March 2016 This month we take a look at property sales and price trends, the extension of the Help to Buy Scheme in 2016, the supplementary Land and Buildings Transaction Tax (LBTT) charge for buy-to-let investors and second-home buyers, the possible effect of the EU Referendum on house prices and also…
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How Proposed Changes To Land & Buildings Transaction Tax Could Mean Problems For Thousands Of Regular Home Buyers
Read the article: How Proposed Changes To Land & Buildings Transaction Tax Could Mean Problems For Thousands Of Regular Home BuyersIn December 2015, John Swinney, Scotland’s Finance Minister, proposed changes to the tax that home buyers in Scotland pay (Land & Buildings Transaction Tax or ‘LBTT’). These changes apply in particular to situations where the property being bought is a ‘second property’ (or indeed third, fourth and so on). These changes are due to take…
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