All the updated news related to land and buildings transaction tax

All the news related to land and buildings transaction tax updated in real time

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Scotland

Councils to be exempt from property transaction tax

Councils in Scotland will be exempt from land and buildings transaction tax (LBTT) levied against affordable housing purchases under new Scottish Government plans. A consultation launched on Wednesday reveals proposals to offer relief to councils on ...

08 Feb 2023 at 13:52

Scotland

Greens demand ‘mansion tax’ in exchange for budget support

The Scottish Greens have urged ministers to bring in a so-called “mansion tax” if the party is to support its budget. The Scottish Government will likely face a difficult time trying to pass its budget in a polarised Parliament, though needs just ...

23 Oct 2024 at 10:13

Scotland

Tories hit out as property sales tax generates additional £250m

Money generated from Land and Buildings Transaction Tax (LBTT) has increased by 60% in the last six years, the Scottish Conservatives have highlighted. The tax, which was introduced in April 2015, generated £415.8 million in 2015/16 but that ...

16 Jul 2022 at 01:01

Scotland

Land tax relief planned for green freeport areas

The Scottish Government has unveiled plans to offer land and buildings transaction tax (LBTT) relief on sales in green freeport areas. The freeports initiative – a joint effort between the Scottish and UK governments – will offer special ...

17 Mar 2023 at 13:34

Scotland

Increasing second home LBTT not economically rational, warns think tank

Increasing the surcharge on land and buildings transaction tax (LBTT) for second and rental homes is not an “economically rational” strategy, an influential think tank has said. The Institute for Fiscal Studies (IFS) argued the measure, ...

06 Feb 2025 at 00:01

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