April 2016

The Society’s committees have been working on a number of Scottish Parliament and UK Parliament Bills and consultations including the Lobbying (Scotland) Bill, Abusive Behaviour and Sexual Harm (Scotland) Bill and Mandatory Pay Gap Reporting.

Key areas are highlighted below. For more information see the law reform section of the website.

Land and Buildings Transaction Tax (Amendment) (Scotland) Bill

Our property and tax law committees have updated members on the important changes brought about by the LBTT (Amendment) (Scotland) Bill.

The legislation will introduce a new additional dwelling supplement on purchases of additional residential properties in Scotland (such as buy-to-let properties and second homes) of £40,000 or more. The additional dwelling supplement is 3% of the total purchase price and will be payable from 1 April 2016.

We strongly encourage all members to read the Revenue Scotland Guidance and also the FAQ materials on the Revenue Scotland website.

More information about the bill, including our stage 3 briefing, can be found on our website.