NewsBot
20-Jan-24, 06:10
The Caithness Business Index (http://www.caithness-business.co.uk) has posted the following article:
Extended Relief For Councils Buying Affordable Housing - Increasing Exemptions To Additional Properties Tax
Legislation enabling councils to increase their affordable housing stock without having to pay a tax on additional properties has been introduced in the Scottish Parliament. Under changes to the Additional Dwelling Supplement (ADS), paid as part of Land and Buildings Transaction Tax, the length of time a buyer moving between properties has to sell their original home in order to be able to reclaim ADS would also be extended from 18 months to 36 months. [Read Full Article (https://caithness-business.co.uk/article/22541)]
Extended Relief For Councils Buying Affordable Housing - Increasing Exemptions To Additional Properties Tax
Legislation enabling councils to increase their affordable housing stock without having to pay a tax on additional properties has been introduced in the Scottish Parliament. Under changes to the Additional Dwelling Supplement (ADS), paid as part of Land and Buildings Transaction Tax, the length of time a buyer moving between properties has to sell their original home in order to be able to reclaim ADS would also be extended from 18 months to 36 months. [Read Full Article (https://caithness-business.co.uk/article/22541)]