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Parliamentary debates and questions

S5W-12942: Jackie Baillie (Dumbarton)

Scottish Labour

Date lodged: 22 November 2017

To ask the Scottish Government, in light of the UK Budget, whether it is planning any changes to Land and Buildings Transaction Tax.

Answered by: Derek Mackay 6 December 2017

The Scottish Government's changes to LBTT prioritises support for first-time buyers and assisting people as they progress through the property market. Due to the higher zero rate threshold under LBTT and lower house prices in Scotland, approximately two-thirds of first-time buyers in Scotland do not pay any LBTT, which has taken over 25,000 additional house purchases out of tax altogether since its introduction.

Future tax decisions are a matter for the Draft Budget which will be published on the 14 December.