{"id":114041,"date":"2020-02-03T14:00:06","date_gmt":"2020-02-03T07:00:06","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-we-sell-our-home-before-moving-to-scotland\/"},"modified":"2020-02-03T14:02:47","modified_gmt":"2020-02-03T07:02:47","slug":"should-we-sell-our-home-before-moving-to-scotland","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-we-sell-our-home-before-moving-to-scotland\/","title":{"rendered":"Should we sell our home before moving to Scotland?"},"content":{"rendered":"


\nWe\u2019re wondering what the tax implications will be if we end up owning two propertiesQ We want to move to Scotland from England to be near our daughter. We don\u2019t really know which way around to do this: sell our home and move in with our daughter until we find a new home, or try to purchase a property without selling up? We have read that an additional tax LBTT is 4% more on top of the usual LBTT for second homes but ours would only be until we have sold the one in England as the Scottish property would be our permanent residence. If we do have to pay these taxes can we claim any back once we have sold the English property and is there a time limit on this?YFA To the uninitiated, LBTT is land and buildings transaction tax which, in Scotland since April 2015, has replaced stamp duty land tax (SDLT) which is now charged only on land and property transactions in England and Northern Ireland. Wales has its own variation in the form of land transaction tax (LTT) which has been run by the Welsh Revenue Authority since April 2018. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Should we sell our home before moving to Scotland?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

We\u2019re wondering what the tax implications will be if we end up owning two propertiesQ...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-114041","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-tFn","jetpack-related-posts":[{"id":128772,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/does-moving-to-scotland-from-england-affect-capital-gains-tax-on-properties\/","url_meta":{"origin":114041,"position":0},"title":"Does moving to Scotland from England affect capital gains tax on properties?","date":"August 22, 2022","format":false,"excerpt":"\r I am struggling to find advice for how my relocation will affect tax on my rented property bought with gifted moneyQ I have a problem over what to do with a property in south-east England, which I bought outright for \u00a3190,000 at the end of 2014. 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