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LBTT in Scotland
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83dons2
Posts: 50 Forumite

I think from the announcement yesterday it is only stamp duty in England and Wales that is being suspended? Do you think the Scottish government is likely to follow suit soon and suspend LBTT tax in Scotland? Might be worth me holding off buying to see as I could save a fair bit of money. It would seem odd that there be such a discrepancy within the UK for the property market and Scotland seem to be following England with most things a few weeks later during the time.
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Don’t know about Scotland but in similar situation in Wales. There were discrepancies with England prior to this announcement anyway so don’t know if it will make much difference?Edit - as posted below new measures don’t apply to Wales!0
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83dons2 said:I think from the announcement yesterday it is only stamp duty in England and Wales that is being suspended?0
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I doubt the SNP will offer as generous a reduction. They aren’t big fans of land owners.0
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Was just looking at their tax. It's already huge compared to England (at my end of the market anyway. Even without the English tax cut I'd be paying about twice as much in Scotland.0
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Wkmg said:Was just looking at their tax. It's already huge compared to England (at my end of the market anyway. Even without the English tax cut I'd be paying about twice as much in Scotland.0
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davidmcn said:Wkmg said:Was just looking at their tax. It's already huge compared to England (at my end of the market anyway. Even without the English tax cut I'd be paying about twice as much in Scotland.0
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Wkmg said:0
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Wkmg said:davidmcn said:Wkmg said:Was just looking at their tax. It's already huge compared to England (at my end of the market anyway. Even without the English tax cut I'd be paying about twice as much in Scotland.0
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A property listed for 950,000 plus will go for a lot more than 1,000,000 in a popular part of town like Stockbridge or Morningside. It really will. It's actually very frustrating because mortgage lenders will only lend based on the HR value therefore you need a huge deposit to get somewhere in a desirable place. That plus the huge land tax makes buying very stressful North of the border.0
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