Buy-to-Let Landlords Exit the Property Market Due to the New Additional Dwelling Supplement

INTRODUCTION The Scottish Government’s new tax legislation on additional residential homes will have serious unintended negative consequences for both the private rented sector and first time buyers, those the legislation was actually designed to help. We have already seen a stampede of landlords deciding they have had enough and are looking to sell their buy-to-let …

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Supplementary LBTT 3% charge on the purchase of second homes

Currently in Scotland LBTT applies to transactions involving land and buildings transactions, but on the 25th November 2015, the UK Government’s Autumn Statement proposed the introduction of a supplementary SDLT charge of 3% on the purchase of additional residential properties in England, Wales and Northern Ireland, to take effect from 1st April 2016.  John Swinney …

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Q&A with Ken McEwan on Rent Control Legislation

NEW RENT CONTROL LEGISLATION SPELLS POTENTIAL DISASTER FOR SCOTTISH PRIVATE RENTAL SECTOR Ken McEwan, CEO of McEwan Fraser Legal, explains why. Scotland could be facing a private rent crisis as many landlords are considering selling their buy to let properties as the Scottish Government prepares to legislate over rent controls. The proposed legislation is designed …

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