Scottish Governments Help to Homebuyers - Covid 19

Posted by Bernadette Walker on Friday, 10 July 2020

The Scottish Government will be raising the threshold for Land and Building Transaction Tax (LBTT) from £145,000 to £250,000 to help with the impact of Covid 19 to homebuyers.  This means that 80% of house buyers will now be exempt from the charge but it will not include buyers of a second home who will still be classed under the Additional Dwelling Supplement.  Properties over £250,00 will also save £2,100. 

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