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(Scotland) Amendment Order 2022 The Finance and Public Administration Committee requires to consider SSI 2022/375: The Land and Buildings Transaction Tax (additional amount: transactions relating to second homes etc.)
(Scotland) Amendment Order 2022 The Finance and Public Administration Committee requires to consider SSI 2022/375: The Land and Buildings Transaction Tax (additional amount: transactions relating to second homes etc.)
This supplement is only payable on residential transactions above £40,000 where the acquiring party owns more than one residence once the transaction is complete.
Much of this difference is explained by increased financial transaction money.iiFinancial transactions relate to Barnett consequentials resulting from a range of UK Government equity/loan finance schemes.
Queries on instruments that are not yet available on the website can be made by contacting the clerks to the Delegated Powers and Law Reform Committee Te l : 0131 348 5175 or email: [email protected].
Queries on instruments that are not yet available on the website can be made by contacting the clerks to the Delegated Powers and Law Reform Committee Te l : 0131 348 5175 or email: [email protected].
The Finance and Constitution Committee recommends that the Land and Buildings Transaction Tax (Group Relief Modification) (Scotland) Order 2018 [draft] and the Land and Buildings Transaction Tax (First-Time Buyer Relief) (Scotland) Order 2018 [draft] be approved.
Away from the usual cycle of SSIs considered by the Committee, we also considered the Land and Buildings Transaction Tax (additional amount: transactions relating to second homes etc.)