Skip to content
Law Society of Scotland
Search
Find a Solicitor
Contact us
About us
Sign in
Search
Find a Solicitor
Contact us
About us
Sign in
  • For members

    • For members

    • CPD & Training

    • Membership and fees

    • Rules and guidance

    • Regulation and compliance

    • Journal

    • Business support

    • Career growth

    • Member benefits

    • Professional support

    • Lawscot Wellbeing

    • Lawscot Sustainability

  • News and events

    • News and events

    • Law Society news

    • Blogs & opinions

    • CPD & Training

    • Events

  • Qualifying and education

    • Qualifying and education

    • Qualifying as a Scottish solicitor

    • Career support and advice

    • Our work with schools

    • Lawscot Foundation

    • Funding your education

    • Social mobility

  • Research and policy

    • Research and policy

    • Research

    • Influencing the law and policy

    • Equality and diversity

    • Our international work

    • Legal Services Review

    • Meet the Policy team

  • For the public

    • For the public

    • What solicitors can do for you

    • Making a complaint

    • Client protection

    • Find a Solicitor

    • Frequently asked questions

    • Your Scottish solicitor

  • About us

    • About us

    • Contact us

    • Who we are

    • Our strategy, reports and plans

    • Help and advice

    • Our standards

    • Work with us

    • Our logo and branding

    • Equality and diversity

  1. Home
  2. News and events
  3. Blogs & opinions
  4. LBTT rates under scrutiny at Holyrood

LBTT rates under scrutiny at Holyrood

12th October 2015 | commercial property , property (non-commercial) , tax

The Finance Committee of the Scottish Parliament recently issued a call for evidence on how LBTT has been operating since its introduction on 1 April 2015.

In particular the committee was looking for feedback on:

  • what impact the various rates and bands have had on both the residential and commercial property market;
  • how the level of receipts for residential and non-residential transactions compares to the forecasts;
  • to what extent higher priced transactions were brought forward to avoid the higher rates;
  • the extent to which lower-priced transactions were delayed until after 1 April;
  • whether there should be any changes to the rates and bands for residential transactions in the draft budget for 2016-17; and
  • how Revenue Scotland is performing in administering and collecting the tax.

While the deadline for responses has now closed, the committee will now consider oral evidence from witnesses. 

Commentators have warned that there has been a reduction in sales of higher value residential properties, and concerns have been expressed that this could have an adverse effect on revenues for the Scottish exchequer.

 

Add To Favorites
Law Society of Scotland
Atria One, 144 Morrison Street
Edinburgh
EH3 8EX
If you’re looking for a solicitor, visit FindaSolicitor.scot
T: +44(0) 131 226 7411
E: lawscot@lawscot.org.uk
About us
  • Contact us
  • Who we are
  • Strategy reports plans
  • Help and advice
  • Our standards
  • Work with us
Useful links
  • Find a Solicitor
  • Sign in
  • CPD & Training
  • Rules and guidance
  • Website terms and conditions
Law Society of Scotland | © 2025
Made by Gecko Agency Limited