Call to address LBTT concerns

Photo of Justine Ricccomini By Justine Riccomini, Head of Taxation (Scottish Taxes, Employment and ICAS Tax Community)

23 October 2017

A Bill is to be brought forward this Parliamentary term to give retrospective effect to the Land and Buildings Transaction Tax (LBTT) (Additional Amount -Second Homes Main Residence Relief) (Scotland) Order 2017.

ICAS has written to the Scottish Government to ask that a number of additional concerns within the LBTT legislation be addressed at the same time.

If a Bill is being brought forward, we believe this is an ideal opportunity to simultaneously address other concerns in the LBTT legislation, including what may be unintended consequences of the introduction of a new tax.

The following attract a charge to LBTT, unlike in rest of the UK under SDLT, leaving Scotland at a competitive disadvantage:

  • Share pledges and group relief.
  • Relief for pension fund transfers.
  • Seeding relief.


  • Tax

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