Want a nice house in Scotland? The SNP wants it to cost you
The SNP's new stamp duty equivalent for Scotland, appears to have been designed to send a clear message to the well off in Scotland – expect devolution to mean you pay more tax.
The SNP's new stamp duty equivalent for Scotland, the Land and Buildings Transaction Tax (LBTT), appears to have been designed to send a clear message to the well off in Scotland expect devolution to mean you pay more tax.
The revisions to the tax made yesterday didn't do much to water down that message. In response to the UK government's stamp duty changes in December, the SNP clearly felt they had gone a tad too far with the tax and, as I note in this post, they introduced a new 5% rate and shifted the level the 10% comes in to a higher level.
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