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Digital Subscriptions > The Oban Times & Lochaber Times > 29th December 2016 > ‘Dampening’ effect of LBTT in Scotland

‘Dampening’ effect of LBTT in Scotland

The introduction of the Land and Buildings Transaction Tax (LBTT) to replace stamp duty is having an ‘eye-watering’ impact on the property market in certain parts of Scotland, according to a leading land and estate agent.

While a Scottish Government committee has hailed the introduction of LBTT in Scotland an ‘operational success’, Perthshirebased Bell Ingram says the market picture is a complex one, with a range of effects being reported, including one buyer who has had to pay £130,000 in property taxes.

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