Tag: Scottish Government
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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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Changes to Land and Buildings Transaction Tax May be Bad News for Property Investors…..and Renters
Read the article: Changes to Land and Buildings Transaction Tax May be Bad News for Property Investors…..and RentersChanges to Land and Buildings Transaction Tax May be Bad News for Property Investors…..and Renters On 17 December 2015, John Swinney, Scotland’s Finance Minister, delivered his Budget for 2016/17 at Holyrood. While Mr Swinney opted not to use the Scottish Government’s new power to alter Income Tax, there were major changes announced to Land &…
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Monthly Property Market News Round-Up January 2016
Read the article: Monthly Property Market News Round-Up January 2016In this month’s bumper Property Market News Round-Up, we take a look at property sales and price trends, the extension of the Help to Buy Scheme in 2016, the planned supplement on Land and Buildings Transaction Tax for buy-to-let investors and second-home buyers as well as the prospects of interest rate rises in 2016. Property…
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LBTT Rates Likely to be Changed
Read the article: LBTT Rates Likely to be ChangedNote that the Scottish Government announced new rates of Land and Buildings Transaction Tax (LBTT) on 21 January 2015. For the most up-to-date position, as of 23 January 2015, please look at: http://www.mov8realestate.com/2015/01/changes-lbtt-rates-april/ As if there hasn’t been enough confusion about old Stamp Duty, new Stamp Duty (an overnight change), LBTT replacing new Stamp Duty…
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Scottish Conservatives propose Stamp Duty / LBTT rates cut
Read the article: Scottish Conservatives propose Stamp Duty / LBTT rates cutNote that the Scottish Government announced new rates of Land and Buildings Transaction Tax (LBTT) on 21 January 2015. For the most up-to-date position, as of 23 January 2015, please look at: http://www.mov8realestate.com/2015/01/changes-lbtt-rates-april/ Within weeks of the UK Government’s changes to Stamp Duty, and with less than three months to go before Stamp Duty Land…
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Goodbye Stamp Duty, Hello Snappily-Titled Land and Buildings Transaction Tax. Roll On 2015!
Read the article: Goodbye Stamp Duty, Hello Snappily-Titled Land and Buildings Transaction Tax. Roll On 2015!Goodbye Stamp Duty…? Kind Of. I have had to replace many an overused soapbox over past few years whilst property prices have risen yet the Stamp Duty thresholds have remained largely the same. It is a system that I feel is fundamentally unfair and which, from a purely property market related point of view, has…
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