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Stamp Duty Scotland
josecc
Posts: 23 Forumite
Hi. I am purchasing a property with my partner in Scotland. She is a first time buyer. This will be my second property purchase. I believe the rules regarding Stamp duty or Land and Building Transaction Tax (LBTT) as it's called in Scotland is 2% over £145000 or 2% over £175000 if you are a first time buyer. Does anyone know what category we would fall into as one is a first time buyer and the other isn't.
Thanks
Thanks
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Comments
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You'd need to both be FTB to be entitled to the FTB relief:
https://www.revenue.scot/land-buildings-transaction-tax/guidance/lbtt-legislation-guidance/exemptions-reliefs/lbtt3010-3#overlay-context=node/946/revisions/2116/view
"Where there is more than one buyer the relief will be available only if each buyer meets all the relevant criteria. If any of the buyers do not meet all the conditions then the relief will not be available."
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