In this episode of The ESPC Property Show, Paul & Megan are joined well renowned tax expert, Alan Barr (Partner at Brodies LLP) to discuss Scottish property taxation including Land & Buildings Transaction Tax and Additional Dwelling Supplement.
Use ESPC's LBTT calculator here: https://espc.com/advice/tools/lbtt-calculator

You can skip to your favourite part here:
0:00-0:44 Introduction
0:44-2:39 What is LBTT? (and how is it different to stamp duty)
2:39-4:44 How important is LBTT to Scotland's economy?
4:44-6:01 How old is property taxation?
6:01-7:51 LBTT thresholds in Scotland & Stamp Duty in England & Wales
7:51-9:11 Tax reliefs for first-time buyers in Scotland
9:11-10:48 Are there any quirks in the system?
10:48-11:36 How much does LBTT cost a buyer?
11:36-12:49 Paying for ADS when you buy before you sell
12:49-16:44 The recent changes to ADS
16:44-18:51 Who qualifies for ADS?
18:51-19:50 How have ADS changes affected the market?
19:50-22:45 Are the LBTT thresholds still suitable?
22:45-26:24 What can we learn from property tax elsewhere in the world?
26:24-28:49 Ideas for potential reform in LBTT

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