Tax Tip - Land and Buildings Transaction Tax (LBTT)

In Scotland, LBTT legislation continues to develop further away from the Stamp Duty Land Tax rules that were previously in force.  In particular, the rules for the Additional Dwelling Supplement (ADS) are considerably different in Scotland compared to the rest of the UK.

Top tip:

Our specialists advise on many aspects of LBTT where reliefs (e.g. incorporation of a partnership, partition of farming partnerships, purchase of multiple dwellings in one transaction) apply to reduce the amount of LBTT payable.  We can also seek Revenue Scotland’s opinion on more complex transactions or where the position is unclear.  With the introduction of the ADS, we have seen a large increase in clients asking for LBTT advice and our team will be able to guide you through the rules for LBTT and SDLT.

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