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Commercial Property

After successfully quashing a legal challenge in the Supreme Court, in a bid to reduce alcohol related harm, minimum pricing of alcoholic drinks will become a part of the Law in Scotland with effect from today, 1 May 2018.

What is LBTT?

On the 1st of April 2015, Land and Buildings Transaction Tax (“LBTT”) replaced Stamp Duty Land Tax in Scotland. LBTT is a property tax applied to residential and commercial land and buildings transactions (including commercial leases). In most cases an LBTT return will require to be made to Revenue Scotland shortly after the date of entry to the property by either the purchaser or tenant (normally submitted by their solicitor).

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Contact Info

ABERDEEN OFFICE
28 Albyn Place, Aberdeen AB10 1YL
Tel: +44 1224 845845

 

INVERNESS OFFICE
Camas House, Fairways Business Park,
Inverness IV2 6AA
Tel: + 44 1463 713225