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WHAT IS LAND AND BUILDINGS TRANSACTION TAX?

Land and Buildings Transaction Tax (LBTT) is a property tax applied to the purchase of residential and commercial land or property in Scotland. LBTT replaced UK Stamp Duty Land Tax (SDLT) in Scotland from 1 April 2015. How to Calculate the Land and Buildings Transaction Tax Due? Minimum Property Purchase Price Maximum Property Purchase Price... View Article

Conveyancing

SURVIVORSHIP DESTINATION VERSUS PRO INDIVISO SHARES

What is a Survivorship Destination? Where more than one party purchases a property in Scotland, the title can be held with what is called a “Survivorship Destination”. This means that on the death of either party, the deceased’s share of the property will pass automatically to the surviving owner. A Survivorship Clause will override the... View Article

Conveyancing

A GUIDE TO MARKETING YOUR PROPERTY IN SCOTLAND

Selling a property will be one of the largest and most significant transactions that you will undertake. To ensure you are aware of the steps within the transaction, we have prepared this guide for those who are considering marketing their property in Scotland. A Step-by-Step Guide to marketing your Property Preparing to market your Property... View Article

Conveyancing

WHAT IS ADDITIONAL DWELLING SUPPLEMENT?

Additional Dwelling Supplement (ADS) is due on the purchase of additional dwellings in Scotland, including second homes and buy-to-let properties. When you buy a residential property and you already own one or more residential properties anywhere in the world in your sole name or in joint names with someone else, you may need to pay... View Article

Private ClientWills and Powers of Attorney

WHY DO YOU NEED A POWER OF ATTORNEY?

The beginning of 2022 brings a new opportunity to reflect on the challenging years we have all faced. The impact of the pandemic will be long remembered and felt going into the future. Considering the future and prioritising what matters to us most is now more important than ever. What is a Power of Attorney?... View Article

Personal Finance

WHY DO YOU NEED A WILL?

Nobody likes to think about death but, sadly, it is going to happen to all of us. Planning ahead and making a will means you can ensure what happens after you die – and who inherits your home and other assets – is what you want. You might think you don’t care but if you... View Article