Evening Standard - West End Final Extra - ES Homes and Property - - Holiday Homes -

THE Land and Build­ing Trans­ac­tion Tax — LBTT — is Scot­land’s stamp duty, in­tro­duced in 2015. Rates are ap­plied on a slid­ing scale, from no tax on prop­er­ties un­der £145,000 up to 12 per cent on prop­er­ties over £750,000.

The LBTT is un­doubt­edly adding to Ed­in­burgh’s prob­lem of low stock, says Ben Fox of Sav­ills: “We’ve seen a 12 per cent drop in sup­ply over last year’s lev­els. Peo­ple are not mov­ing as of­ten as a re­sult of the costs.”

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