Revenue Scotland initially stood its ground, before announcing at its LBTT
Forum in April that updated guidance would be produced.
Around 12,000 first-time buyers will benefit from the relief each year by up to PS600, with an estimated 80 per cent of all first-time buyers paying no LBTT
Around 12,000 first-time buyers will benefit from the relief each year by up to 600, with an estimated 80% of all first-time buyers paying no LBTT
With every penny vital when buying your first home, the extended LBTT
relief for first-time buyers will be a welcome contribution towards a deposit or moving costs," said Homes for Scotland's chief executive, Nicola Barclay.
Priced from PS174,995, first-time buyers can enjoy full LBTT
paid, and the home is alternatively eligible for Help to Buy (Scotland).
These changes to LBTT
mean 80% of First Time buyers will pay no tax at all on the purchase of their first home.
Barratt Homes are helping hundreds of buyers by helping to pay some or all of the LBTT
costs on selected homes.
Faisal Choudhry, Head of Residential Research in Glasgow said: LBTT
is putting the housing market under pressure, particularly in Edinburgh where a lack of mainstream supply has led to fewer properties being launched and a subsequent drop in sales.
The Blair is a beautiful four bedroom home, and currently available with Part Exchange and LBTT
paid available on selected plots, with prices starting at PS226,000.
CALA are offering part exchange or a contribution towards LBTT
with flooring and landscaped gardens also included on their remaining three-bedroom Arthur homes at The Meadow development in the Edinburgh suburb of Currie.
Perthshire-based Carl Warden, of estate agents Bell Ingram, disputes government claims that LBTT
's introduction has been an "operational success".
details Potential homebuyers can ask about part exchange and LBTT