The Scottish Finance and Public Administration Committee recommended approval of the Land and Buildings Transaction Tax (additional amount: transactions relating to second homes etc.) (Scotland) Amendment Order 2022.
The Order provides for an increase in the rate of the land and buildings transaction tax additional dwelling supplement from 4% to 6% and applies to transactions with an effective date of on or after 16 December 2022.
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Stamp Duty Land Tax is a well-written, user-friendly guide to the complexities of SDLT, written for accountants, solicitors and other tax professionals, with plenty of worked examples. Topics covered include basic principles, leasehold transactions, partnerships, trusts, reliefs, anti-avoidance legislation and recent tribunal decisions. Full reference is made throughout to relevant legislation, case law and guidance from HMRC.