Land and Buildings Transaction Tax

04.07.18

Key information on Land and Buildings Transaction Tax (LBTT). From April 2015, Stamp Duty Land Tax (SDLT) ceased to apply to transactions involving land in Scotland and was replaced by LBTT.

Categories:

LBTT, Tax

Land and Buildings Transaction Tax and Leases - handy guide

04.07.18

Download our guide on Land and Buildings Transaction Tax (LBTT) which replaced Stamp Duty Land Tax (SDLT) on transactions involving land in Scotland from 1 April 2015. The LBTT regime for leases is significantly different from the SDLT regime. Revenue Scotland (the devolved Scottish tax authority) administers LBTT in Scotland. HMRC has no jurisdiction over LBTT, and LBTT lease returns have to be notified to Revenue Scotland.

Categories:

LBTT, Tax

The European Union (Withdrawal) Bill and Scotland

20.06.18

There was concern that the amendments to the powers of the Scottish Parliament by the European Union (Withdrawal) Bill (EUWB) were passed without consent, and that the constitutional issues raised by the provisions of the EUWB were given such little time. Scottish National Party MPs walked out of the House of Commons chamber during Prime Minister’s Questions the next day. This briefing seeks to explain the constitutional issues behind this row.

Categories:

brexit

Investing in Student Accommodation in Scotland

06.06.18

Purpose Built Student Accommodation is one of the fastest growing asset classes for institutional investors looking to acquire high yield property in Scotland. However, the tax provisions around developing and operating PBSA are complex and can have pitfalls for the unwary. This handy guide summarises some of the key tax considerations around developing, owning and selling PBSA projects in Scotland.

Categories:

Tax, Student Accommodation, LBTT, VAT, Construction, PBSA
student accommodation

Market commentary - EU alcohol labelling exemptions

05.06.18

Whilst we await the Commission’s assessment of the industry’s proposal, there is an emerging consensus that the Commission is leaning towards regulatory intervention that will impose mandatory nutritional and ingredients labelling for alcoholic beverages. This paper will consider the current status following publication of the Report and will assess the potential impact of regulatory intervention in this area.

Categories:

Food & Drink

Social Housing Finance - handy guide

24.05.18

While social housing finance has many of the same features as a general corporate finance deal and the documentation used is similar in format, it contains a number of peculiarities due to the nature of the activities being financed and the structures generally applied to such finance. This guide looks at some of the key features of social housing finance before discussing some of the key terminology you would expect to come across in this context.

Categories:

Banking, Finance

Real Estate Finance - handy guide

24.05.18

This guide looks at Real estate finance (REF). REF is a means of putting funding in place for the purchase, development and/or operation of commercial or residential property. There are different factors which will have relevance depending on the specifics of each transaction, but it is helpful to gain familiarity with a number of key points and terminology when embarking on a REF deal.

Categories:

Banking, Finance, Real Estate

A moving target: the RHI reset and tariff guarantee

03.05.18

There are a number of elements to the TG, which are essential to understand, if you are to secure its benefits.

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renewable energy

Judicial review of planning decisions in Scotland

01.05.18

It is easier for interest groups to seek judicial review of planning and environmental decisions following the clarification by the Supreme Court. Has this and other changes influenced the frequency of planning judicial reviews, and the outcomes?

This Report analyses planning judicial reviews in Scotland in the last 5 years and compares the findings with our 2013 Report.

Categories:

Planning

Market commentary - Scottish National Investment Bank

26.03.18

Scotland’s new financing institution is welcome news.

 

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