Raeside Chisholm Solicitors

The directors of Raeside Chisholm are experienced solicitors who enjoy a deserved reputation in Glasgow and beyond for personal attention allied to a commitment to outstanding levels of quality legal services. For enquiries, please contact us on 0141 248 3456.

Tax cut announced for Scottish Homebuyers

The Scottish Finance Secretary, Kate Forbes, yesterday announced a temporary cut to the Land and Building Transaction Tax charged on house purchases and extra support for first-time buyers.

At present, the starting point for Land and Building Transaction Tax (LBTT) is to rise from £145,000 to £250,000.  Miss Forbes said that this meant 80% of house sales in Scotland would be exempt from LBTT.  The move follows in the footsteps of the Stamp Duty holiday on transactions in England and Northern Ireland.

It has been announced that the change will not come into force immediately for “administrative reasons” but Miss Forbes has said that it will be implemented as soon as possible.

Rest assured that the property team at Raeside Chisholm will stay abreast of all developments in this regard and will be able to update our clients.

Contact our Property Solicitors

You can get in touch with our property team by calling 0141 248 3456, or filling out our online enquiry form.

Tax cut for Scottish homebuyers starts this week: ...
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