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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 for homebuyers in Scotland end “as planned”

The Finance Secretary, Kate Forbes, has indicated that a tax cut for Scottish homebuyers will end as planned on April 1st, despite an extension in the Westminster budget. The starting point for Land and Building Transaction Tax (LBTT) was increased during the first lockdown. Unlike the position in England however, this is not going to be extended to mirror the Stamp Duty cut extension in England and Northern Ireland, on the basis that the cut has already “achieved” its goal of supporting the recovery of the residential property market. 

It would be fair to say that the impact of the LBTT cut was not as radical as in England and particularly with first time buyers, the costs in Scotland are not as great.

If you any queries, please do not hesitate to contact our property team.

Britain’s most affordable housing markets revealed
Action needed to help first time property buyers

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Latest News

29 October 2021
Estate Agency
The Law Society of England have joined the National Economic Crime Centre and Action Fraud to issue flyers to home buyers warning that they should be vigilant against fraud scams when completing on a property purchase. This is an issue that is equall...
29 October 2021
Legal Services for the Elderly
Experts in Confirmation in Scotland and Probate in England have warned that the growing popularity of online Will writing could lead to a surge in contested Executry cases. An analysis by a research and consultancy firm of 26 online Will writers have...
28 October 2021
Raeside Chisholm Solicitors News
A reminder that we are taking part in the Will Aid scheme this November.  The Will Aid scheme takes place across the country throughout the month of November and supports ActionAid, Age UK, British Red Cross, Christian Aid, NSPCC, Save the Child...
19 October 2021
Commercial
It has been reported that momentum in Glasgow’s office market has “significantly” increased over the past three months, with activity expected to remain healthy across all sectors. Take up in the city centre is up 66% on the ten-year average.  O...
29 September 2021
Estate Agency
The average house price in Scotland reached a new record level this summer. At the end of July, the average price stood at £207,877.00. This was up £5,950.00 or 2.9% on June, which is the largest increase in a month for over 6 years. Figures revealed...
16 September 2021
Estate Agency
According to the latest figures from the UK House Price Index, as reported by the Registers of Scotland, Scottish house price growth has continued in July.  The average price of a property in Scotland in July 2021 was £177,166.00.  Not only...

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