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.