Land and Buildings Transaction Tax 2024/25

Land and Buildings Transaction Tax 2024/25 is the only comprehensive guide to Land and Buildings Transaction Tax ('LBTT') in Scotland.

LBTT is a tax devolved to Scotland which, whilst initially based on Stamp Duty Land Tax, is different in a number of key areas. These differences are explored throughout the text.

The book provides clear and practical guidance on the general rules of LBTT and also includes:

• Background to LBTT
• Detailed coverage of many of the exemptions and reliefs from LBTT (including new sections on Green Freeports relief and changes to the Additional Dwelling Supplement for joint buyers)
• Consideration of the rules regarding leases
• The practicalities of LBTT compliance and administration
• Special rules for partnerships and trusts Anti-avoidance rules
• Numerous worked examples

This title has been completely reviewed and revised for 2024/25, and incorporates all of the changes in legislation to April 2024 and the impact of important LBTT Tribunal decisions – particularly in relation to the Additional Dwelling Supplement.

This is an essential guide to LBTT for practising tax specialists, solicitors and accountants.