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

    • 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. Legal news
  4. Ministers consult on LBTT first-time buyer relief

Ministers consult on LBTT first-time buyer relief

12th February 2018 | property (non-commercial) , tax

A consultation on the details of the first-time buyer relief from land and buildings transaction tax (LBTT) announced in the draft Scottish Budget 2018-19, has been launched by the Scottish Government.

Planned to be introduced in June 2018, the relief will effectively raise the zero-tax LBTT threshold for first-time buyers, of any age, from £145,000 to £175,000. Those buying their first property at above £175,000 will also benefit on the portion of the price between £145,000 and £175,000. Around 12,000 first-time buyers are expected to benefit from the relief each year by up to £600. An estimated 80% of first-time buyers will pay no LBTT.

The consultation, which includes a new draft schedule to the 2013 LBTT Act giving effect to the relief, seeks views on the Scottish Government’s proposals in terms of eligibility and implementation of the policy.

In general terms, the Scottish Government’s intention is that the relief will be available where:

  • the buyer is a natural person;
  • a single dwelling is purchased for more than £145,000;
  • the buyer is a first-time buyer, who has never had a “major interest” in a dwelling in Scotland or an equivalent interest in a dwelling situated anywhere else in the world;
  • the buyer intends to occupy the dwelling as their main residence;
  • the effective date of the transaction is on or after the date that the relevant legislation comes into force, and consistent with any final transitional provisions.

In addition, to minimise complexity and address the risk of avoidance, where there is more than one buyer the relief will be available only if each and every buyer meets all the relevant criteria. If any of the buyers does not meet all the conditions, the relief will not be available.

The consultation will run for an abbreviated period of six weeks, until 23 March 2018. The results will inform final decisions and the detail of the relief and legislative proposals.

Click here to access the consultation.

 

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