Tag: lbtt
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MOV8 Property Market Update February 2015
We’re not even two months into the new year but there’s already been plenty of goings on in the local property market. We’ve had late revisions to Land & Buildings Transaction Tax (LBTT), a controversial decision to delay a key vote on the latest stage of the council’s Local Development Plan and, at MOV8, we…
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MOV8 Property Market Update January 2015
One month after New Stamp Duty replaced Old Stamp Duty in the UK and we in Scotland geared up for almost four months of that tax regime before it would change to Land and Buildings Transaction Tax (LBTT)…just when you thought it was safe to get your Stamp Duty calculator out…well, they’ve only gone and…
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New LBTT Rates Announced, Replacing Stamp Duty April 2015
The Scottish Deputy First Minister, John Swinney, announced further changes to the Land and Buildings Transaction Tax (LBTT) system when the 2015-16 budget was debated at Holyrood on 21 January 2015. This will affect the rates of tax payable by property purchasers under LBTT when it replaces Stamp Duty, which itself has had a recent…
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LBTT Rates Likely to be Changed
Note 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
Note 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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2014 Review of the Year – Scottish Property Market
2014 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
What 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?
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
It’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…