The Scottish government is consulting until 23 March 2018 on the proposed introduction of an LBTT threshold of £175,000 for first-time buyers in Scotland. The change is to be implemented through secondary legislation, intended to come into force in June 2018.
Only those transactions with an effective date after implementation will be eligible for the relief. The new threshold is expected to result in an estimated 80% of first-time buyers in Scotland receiving full relief from LBTT.
First time buyer's relief was first announced in the draft 2018/19 Scottish Budget in December 2017.
The Scottish government is consulting until 23 March 2018 on the proposed introduction of an LBTT threshold of £175,000 for first-time buyers in Scotland. The change is to be implemented through secondary legislation, intended to come into force in June 2018.
Only those transactions with an effective date after implementation will be eligible for the relief. The new threshold is expected to result in an estimated 80% of first-time buyers in Scotland receiving full relief from LBTT.
First time buyer's relief was first announced in the draft 2018/19 Scottish Budget in December 2017.
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