Latest News

Propertymark urges Government to streamline redress with ombudsman portal

16 April 2018

NAEA Propertymark and ARLA Propertymark have submitted a joint response to the Government’s consultation on strengthening consumer redress in the housing market by calling for an ombudsman portal for housing related complaints, with one ombudsman for private housing and another for social housing. Read More...

Everybody needs good neighbours!

13 April 2018

When it comes to moving home, there are a number of reasons to relocate - a new job, a growing family perhaps, but what about nightmarish neighbours? Read More...

GDPR - it's more than just consent

12 April 2018

When it comes to General Data Protection Regulation (GDPR) it's easy to get hung up on the idea of consent - but there are five other legal bases which organisations can use to process personal data. 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