Bonham & Brook

LAND AND BUILDINGS TRANSACTION TAX

Land and Buildings Transaction Tax (LBTT) replaced UK Stamp Duty Land Tax (SDLT) in Scotland from 1 April 2015. LBTT is due on purchases of land and buildings where the value meets certain thresholds, with relief and exemptions available depending on the type and value of the transaction.

LBTT is a self-assessed tax meaning buyers must complete their own return. This is usually done with the assistance of a property solicitor or conveyancer. Knowing which reliefs and exemptions to apply can save you from overpaying on your investments and increase your return on investment.

Why Bonham & Brook?

We are uniquely positioned as an operationally sophisticated tax consultancy which has reshaped the normal routes of incentives advisory, especially for those industries not yet taking full advantage of the various reliefs.

With years of industry knowledge, we have developed a deep understanding of the challenges and opportunities our clients face. This enables us to provide tailored solutions that address your specific needs and help you achieve your goals effectively and efficiently.

Our commitment to providing personalised and attentive service sets us apart, as we strive to build long-lasting relationships based on trust and reliability. By partnering with us, you are choosing a company that is committed to your success.

How can we help?

Our team will review your purchases to see whether any of the reliefs or exemptions are appliable. Using our streamlined processes and expert knowledge will help unlock your benefits with minimal work. Common reliefs and exemptions:

• First-time buyers
• Multiple Dwellings Relief
• Mixed Use
• Derelict Relief
• Additional Dwelling Supplement (ADS) queries

Tel: 07930 392064

Email: cmacaulay@bonhamandbrook.co.uk

Website: Visit Bonham & Brook