Glossary

The world of property investment can sometimes be confusing; our Glossary is full of useful terms to help every investor, whether they are a first time landlord or a seasoned portfolio builder.


L

Land and Buildings Transactions Tax (LBTT)


Land and Buildings Transaction Tax (LBTT) replaced UK Stamp Duty Land Tax (SDLT) in Scotland from 1 April 2015. LBTT is a tax applied to residential and commercial land and buildings transactions (including commercial purchases and commercial leases) where a chargeable interest is acquired. Revenue Scotland will administer LBTT with support from Registers of Scotland (RoS).

starstarstarstarstar

4.7 Customer rating on Google Reviews

"Very happy with the service I receive from Knight Knox"

starstarstarstarstar-blank

4.7 Customer rating on Google Reviews

"Helped us all the way through the process"

starstarstarstarstar

4.7 Customer rating on Google Reviews

"I have always received exceptional service from Knight Knox"