Month: March 2021

Until recently, people purchasing properties in Scotland paid Stamp Duty Land Tax (SDLT), but in 2015 this changed and LBTT was introduced. LBTT is an acronym that stands for Land & Building Transaction Tax. Often people still refer...

Additional Dwelling Supplement (ADS) is a supplementary amount over and above Land and Buildings Transaction Tax (LBTT) which is payable when you purchase a second residence in Scotland, e.g. a second home or a buy-to-let property. This...

In June 2018 the Scottish Government introduced a first time buyers relief to support purchasers buying their first home. This meant an introduction of a zero- rated LBTT threshold for properties with a purchase price of up to £175,000...