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Government announce new rough sleeping strategy

13 August 2018

Thousands of rough sleepers will be offered rapid specialist assessments and support from today as part of a package of new measures announced by the Government to stamp out homelessness. Read More...

Withdrawn properties overtake those sold in recent months

13 August 2018

More people are taking their properties off the market than are selling for the first time in two years, a new report has found. Read More...

What does Managed Print Services and Document Management mean to Propertymark Members?

09 August 2018

As a manufacturer of office print and copying equipment our partners over at Olivetti always talk about Managed Print Services and Document Management in terms of how our printers and copiers are managed for your day-to-day running of the business and in-house printing. Read More...

 

Scottish Government call for views on LBTT tax relief amendment

Friday 05 January 2018

The Scottish Government are looking for views on backdating additional dwelling support payments to address a loophole in the original Bill.

The Scottish Government introduced the Land and Buildings Transaction Tax (Relief from Additional Amount) (Scotland) Bill on 13 November 2017. The Bill allows buyers to reclaim Additional Dwelling Supplement (ADS) payments retrospectively where a couple jointly buy a home to replace a dwelling in which they both lived, but where only one name was listed on the title deeds.

The Land and Buildings Transaction Tax (Additional Amount-Second Homes Main Residence Relief) (Scotland) Order 2017 was introduced to give full effect to the policy intention of the Land and Buildings Transaction Tax (Amendment) (Scotland) Act 2016 to treat married couples, those in a civil partnership and those living as if a married couple as one economic unit for the purposes of ADS.

The ADS is not chargeable if the buyer is replacing the buyer’s only or main residence, however prior to this Order coming into force, it was chargeable if couples were jointly buying a home to replace a home that was only owned by one of them. The Order allowed that in these circumstances, the ADS paid as two dwellings were owned, could now be reclaimed despite only one name being on the title deeds to the former main residence, however it only applies to transactions where the contract was entered into on or after 20 May 2017.

This Bill gives retrospective effect, covering the period and transitional arrangements as provided for by the 2016 Act and the 2017 Order, to the 2017 Order, enabling buyers who paid the ADS to reclaim this amount, dating back to 28 January 2016.

Your views

The Finance and Constitution Committee is the lead Committee responsible for scrutiny of the Bill. Accordingly, the Committee would be interested in hearing your views on the Bill. The closing date is Friday 19 January 2018 and all responses should be forwarded to Propertymark's Policy and Campaigns Officer, Tim Douglas

Alternatively responses can be sent electronically (in Word format) directly to finance.constitution@parliament.scot