Land and Buildings Transaction Tax

The speed with which the Scottish land and buildings transaction tax (LBTT) was created is admirable given the last-minute tinkering. That is not to say Ken Wright’s guide seems rushed. On the contrary it is concise but thorough.

Wright is clearly experienced in the differences between property law in Scotland and that which applies in the rest of the UK. The practical explanations of differing terminology and interests are likely to be welcomed by tax advisers south of the border.

The book does not rely on the reader having detailed knowledge of stamp duty land tax (SDLT) legislation. Rather it focuses on the LBTT rules. There is a chapter concerning the key differences between the two taxes but it is by no means a substantial part of the text.

The author leads the reader through the LBTT legislation providing a summary of its historical context...