The Society’s committees have been working on a number of Scottish Parliament and UK Parliament Bills and consultations including the Criminal Verdicts Bill, LBTT Amendment Bill and post-legislative scrutiny of the Family Law Act 2006.
Other 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 Tax Law Committee has raised concerns that a person buying their first home could be in a worse financial position than someone moving into another residence if proposals for the new tax supplement go ahead.
We also have called for reliefs to the additional tax on second homes to ensure that people who may temporarily have ownership of two properties are not penalised by the new tax and have recommended a grace period of up to 30 days to allow delayed transactions to complete without purchasers having to pay the 3% supplement where they are replacing a main residence.