The Scottish Government Announce a LBTT Holiday!
The Scottish Government has announced a temporary change in the Land and Building Transaction Tax otherwise referred to as LBTT. The Scottish Government has raised the current threshold where no LBTT is paid from £145,000 to £250,000. This change comes into affect on Wednesday 15th July 2020 until 31st March 2021. If you buy a home up to the value of £250,000 you will have no LBTT to pay saving you up to £2,100!
Remember if you are a first time buyer there is also the Governments First Home Fund Available. You could be moving into your first home with just a 5% deposit and no LBTT to pay.
For more information on these changes and the First Home Fund please contact our Sales team on 01779 821115 or firstname.lastname@example.org