The Scottish government has launched a consultation seeking views on the operation of the land and buildings transaction tax (LBTT) additional dwelling supplement (ADS).
The consultation documentation notes concerns raised around timelines, the application of the ADS in joint-buyer scenarios, the way in which the ‘economic unit’ provisions can apply and the treatment of purchases following inheritance or after a divorce or separation.
This first stage of consultation seeks to clarify the government’s understanding of ‘all issues of concern with the ADS’. The consultation closes on 11 March 2022, and the government intends to publish an analysis of responses in early summer 2022 outlining proposed next steps.
The Scottish government has launched a consultation seeking views on the operation of the land and buildings transaction tax (LBTT) additional dwelling supplement (ADS).
The consultation documentation notes concerns raised around timelines, the application of the ADS in joint-buyer scenarios, the way in which the ‘economic unit’ provisions can apply and the treatment of purchases following inheritance or after a divorce or separation.
This first stage of consultation seeks to clarify the government’s understanding of ‘all issues of concern with the ADS’. The consultation closes on 11 March 2022, and the government intends to publish an analysis of responses in early summer 2022 outlining proposed next steps.
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