Important Articles

Scottish non-residential property transactions – LBTT rates and bands

For non-residential property transactions, the rate of tax is determined by reference to different rates and bands: Purchase price LBTT rate Up to £150,000 0% Above £150,000 to £350,000 3% Above £350,000 4.5% LBTT(S)A 2013 section 24 provides for the calculation and section 59(2) sets out what counts as non-residential property. Where a non-residential transaction involves

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Budget 2015

The Capital Allowances landscape has been largely untouched by the Chancellor’s most recent budget although there was a nod to the subject during Mr…Read More

Are the New CPSEs for Capital Allowances Fit for Purpose?

New Commercial Property Standard Enquiries (CPSE.1 Version 3.3) were published on 28th February 2014. A new Enquiry 32, purportedly dealing with capital allowances, was introduced…Read More