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Home rule

Looking ahead to Scotland’s land and buildings transaction tax


  • The land and buildings transaction tax takes effect on 15 April 2015.
  • The tax will be progressive.
  • Scope of the LBTT will be similar to that of SDLT.
  • Many reliefs will be carried over from SDLT.
  • The Scottish general anti-avoidance rule will apply.

The Scottish independence referendum on 18 September 2014 will be a moment of great constitutional significance.

But as the political temperature rises and with it the level of invective from the competing camps it is important to recognise that substantial changes in Scotland’s fiscal relationship with the rest of the UK are on the near horizon irrespective of how the votes stack up.

The chief secretary to the Treasury Danny Alexander stated in a recent public debate that in...

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