Useful Resources

LBTT (Stamp Duty)

LBTT is a tax applied to residential and commercial land and buildings transactions (including commercial properties and commercial leases) where a chargeable interest is acquired. Land and Buildings Transaction Tax (LBTT) replaced Stamp Duty (SDLT) in Scotland from 1 April 2015.

Scottish Standard Clauses

The Scottish Standard Clauses are designed to represent a Scotland-wide approach to standard clauses for use in residential conveyancing transactions. Ensure that you are familiar with the various standard clauses when you are selling or buying property in Scotland. If you need any further assistance on any specific clause or how it affects your transaction, then get in touch.

Useful Legal Terms

Getting involved with a property transaction for the first time can be daunting due to the various legal and Scottish property specific terminology used so it is essential that you familiarise yourself with the legal jargon that you will come across.

Buying & Selling

The Law Society of Scotland has very useful information on buying and selling residential property and a must-read for all prospective buyers and sellers.