Taxation logo taxation mission text

Since 1927 the leading authority on tax law, practice and administration

Home rule

Looking ahead to Scotland’s land and buildings transaction tax

KEY POINTS

  • The land and buildings transaction tax takes effect on 15 April 2015.
  • The tax will be progressive.
  • Scope of the LBTT will be similar to that of SDLT.
  • Many reliefs will be carried over from SDLT.
  • The Scottish general anti-avoidance rule will apply.

The Scottish independence referendum on 18 September 2014 will be a moment of great constitutional significance.

But as the political temperature rises and with it the level of invective from the competing camps it is important to recognise that substantial changes in Scotland’s fiscal relationship with the rest of the UK are on the near horizon irrespective of how the votes stack up.

The chief secretary to the Treasury Danny Alexander stated in a recent public debate that in the...

If you or your firm subscribes to Taxation.co.uk, please click the login box below:

If you are not a subscriber but are a registered user or have a free trial, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.

Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.

FIVE WAYS TO MAKE ACCOUNTS PRODUCTION AND TAX EASIER.
Download the exclusive Xero
free report here.

New queries
Please email any questions you might have
to: taxation@lexisnexis.co.uk.

back to top icon