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  • FIRST POST
    • saxo_appeal
    • By saxo_appeal 6th Dec 17, 8:59 PM
    • 66Posts
    • 11Thanks
    saxo_appeal
    Letís hope LBTT gets scrapped on the 14th for First Time Buyers in Scotland
    • #1
    • 6th Dec 17, 8:59 PM
    Letís hope LBTT gets scrapped on the 14th for First Time Buyers in Scotland 6th Dec 17 at 8:59 PM
    Well folks, letís hope Scotland follows suit and scraps the LBTT for fist time buyers on the 14th (Scottish Budget)

    I am so hoping Nicola Sturgeon decides to listen and follow on from Ruthís blistering comments that the housing market has slowed down ever since it was introduced

    I messaged Nicola on Twitter but never had a response, not that I thought I would anyway

    Only the LBTT in Ireland, Wales and England has been scrapped
Page 1
    • Squipper592
    • By Squipper592 7th Dec 17, 8:22 AM
    • 10 Posts
    • 1 Thanks
    Squipper592
    • #2
    • 7th Dec 17, 8:22 AM
    • #2
    • 7th Dec 17, 8:22 AM
    I hope so but as the SNP love raising taxes I don't hold out much hope. Would save me nearly a grand if they did however.
    • saxo_appeal
    • By saxo_appeal 7th Dec 17, 10:00 AM
    • 66 Posts
    • 11 Thanks
    saxo_appeal
    • #3
    • 7th Dec 17, 10:00 AM
    • #3
    • 7th Dec 17, 10:00 AM
    We have just purchased a new house but not completing till mid Feb

    This would be a blessing if they scrapped the LBTT straight away just like what Westminister did

    Would save us £1100
    Last edited by saxo_appeal; 07-12-2017 at 10:00 AM. Reason: Edit
    • Squipper592
    • By Squipper592 7th Dec 17, 10:27 AM
    • 10 Posts
    • 1 Thanks
    Squipper592
    • #4
    • 7th Dec 17, 10:27 AM
    • #4
    • 7th Dec 17, 10:27 AM
    I'm not due to conclude missives until mid January so i have my fingers tightly crossed Sturgeon and her ilk do the right thing and get in line with the rest of the country.
    • saxo_appeal
    • By saxo_appeal 7th Dec 17, 1:38 PM
    • 66 Posts
    • 11 Thanks
    saxo_appeal
    • #5
    • 7th Dec 17, 1:38 PM
    • #5
    • 7th Dec 17, 1:38 PM
    Here here

    Although for first time buyers, there sure isn!!!8217;t a lot of people in Scotland bothered about it on here ....which is worrying
    Last edited by saxo_appeal; 07-12-2017 at 1:39 PM. Reason: Edit
    • BoGoF
    • By BoGoF 7th Dec 17, 1:42 PM
    • 2,937 Posts
    • 2,196 Thanks
    BoGoF
    • #6
    • 7th Dec 17, 1:42 PM
    • #6
    • 7th Dec 17, 1:42 PM
    I wouldn't hold out much hope. SNP policy seems to be do the opposite of Westminster. If they do scrap it then no doubt will come with a sting in the tail such as a rise in the basic rate of income tax.
    • Thrugelmir
    • By Thrugelmir 7th Dec 17, 1:44 PM
    • 57,492 Posts
    • 50,800 Thanks
    Thrugelmir
    • #7
    • 7th Dec 17, 1:44 PM
    • #7
    • 7th Dec 17, 1:44 PM
    I wouldn't hold out much hope. SNP policy seems to be do the opposite of Westminster. If they do scrap it then no doubt will come with a sting in the tail such as a rise in the basic rate of income tax.
    Originally posted by BoGoF
    The books still have to be balanced. No time for giveaways.
    Financial disasters happen when the last person who can remember what went wrong last time has left the building.
    • BoGoF
    • By BoGoF 7th Dec 17, 1:46 PM
    • 2,937 Posts
    • 2,196 Thanks
    BoGoF
    • #8
    • 7th Dec 17, 1:46 PM
    • #8
    • 7th Dec 17, 1:46 PM
    Yep, Nic's promises to the workshy won't pay for themselves
    • saxo_appeal
    • By saxo_appeal 13th Dec 17, 9:39 AM
    • 66 Posts
    • 11 Thanks
    saxo_appeal
    • #9
    • 13th Dec 17, 9:39 AM
    • #9
    • 13th Dec 17, 9:39 AM
    1 more day to go

    I hope Nicola Sturgeon (or co.) has read my Email, had a reply from their Public Engagement Unit a few days ago that it was being passed over to her office

    Won!!!8217;t change anything but at least I tried
    Last edited by saxo_appeal; 13-12-2017 at 10:33 AM.
    • saxo_appeal
    • By saxo_appeal 14th Dec 17, 2:42 PM
    • 66 Posts
    • 11 Thanks
    saxo_appeal
    Scottish Budget at Holyrood on BBC2

    !!!8220;A new relief for Land and Bulidings Tax (LBTT) for First Time buyers up to £175k

    ALL first time buyers will benefit from this and as a result 80% of FTB will be taken out of LBTT altogether!!!8221;

    I!!!8217;m hoping this will start now or at the start of 2018 but no word on this
    • Squipper592
    • By Squipper592 14th Dec 17, 3:11 PM
    • 10 Posts
    • 1 Thanks
    Squipper592
    Is that a relief on the value of the house up to 175k or on properties upto 175k (it's being reported a few different ways online currently)

    I hope it's the former and that I'll only be liable for the LBTT for the portion above 175k. I'm sure they'll still find some way to get my money...
    • saxo_appeal
    • By saxo_appeal 14th Dec 17, 3:20 PM
    • 66 Posts
    • 11 Thanks
    saxo_appeal
    The other thing to note, this is subject to 2018/2019

    So in that respect this could start on the new financial year which will Be April

    Won!!!8217;t help me but will help others
    • fewcloudy
    • By fewcloudy 14th Dec 17, 3:58 PM
    • 189 Posts
    • 91 Thanks
    fewcloudy
    Yes great news for ftb's, starting in April 2018 subject to MPs approval.
    It was your email that did it I'm sure!
    I'm not a 1st time buyer, and I'll pay a bit more tax, but it's the right thing to do.
    Feb 2008, 20year tracker with Sprogget and Sylvester, 0.5% + base for 2 years, then 0.99% + base for life of mortgage. Kudos to my mortgage broker...
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