Macnairs + Wilson Solicitors Blog & News

When it comes to purchasing a property in Scotland, it's important to understand the intricacies of the tax system. One common question that arises is whether first-time buyers are required to pay stamp duty. In this guide, we will delve into the topic of stamp duty for first-time buyers in Scotland.

The UK House Price Index's most recent preliminary data indicates that the average house price in March 2023 was £184,877, a rise of 3% from March 2022.

What powers do tenants have in Scotland?

Although Scotland's private rented sector is largely unregulated, the Scottish Government has made significant efforts to improve the sector's professionalism, safety, and the assurance that homes reach a certain standard.

Between September and October, the Scottish government's revenue from Land and Buildings Transaction Tax (LBTT) reached a new record high, increasing by 11.5% (or £7.2 million) to £69.6 million.

Looking to buy a new house can be an exciting yet stressful time. There is a lot to consider before buying a house, and knowing what the process of conveyancing involves can help to ease a lot of your worries - especially when the property you are interested in is a new build.