Latest articles from Paul Greenhill

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  Have you submitted your LBTT return?

  By Paul Greenhill 08 Mar 2021

  Land and Buildings Transaction Tax ("LBTT") reporting obligations can be onerous, but recognising when they arise in complex transactions is crucial.

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  LBTT update: liability when moving SIPP properties & duty to submit updated LBTT returns on leases

  By Paul Greenhill 08 Feb 2018

  Revenue Scotland have confirmed that Land and Buildings Transaction Tax is generally not payable on in specie pension fund transfers, bringing it into line with the position in England and Wales. However, taxpayers who entered into leases on are after April 2015 are now obliged to submit an updated LBTT return - which are due every three years to reflect any changes to the level of rent.

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  Will I be hit for LBTT if I want to move my SIPP property to another pension provider?

  By Paul Greenhill 20 Nov 2017

  Currently, 'in specie' pension fund transfers are subject to Land and Buildings Transaction Tax in Scotland. If this position is confirmed in further guidance due to be issued, then it could have serious negative implications for consumer choice and competition in the personal pensions market.

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  Case law update: Upholding a Compulsory Purchase Order made on derelict property

  By Paul Greenhill 23 Jan 2015

  Appeal under the Acquisition of Land (Authorisation Procedure) (Scotland) Act 1947 and the Land Compensation (Scotland) Act 1973 by John Mowbray against The Scottish Ministers and Fife Council.

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  Land and Buildings Transaction Tax – Some Important Exemptions and Reliefs

  By Paul Greenhill 17 Dec 2014

  The new Land and Buildings Transaction Tax (LBTT) will come into effect on 1 April 2015, replacing SDLT (stamp duty land tax). LBTT will be collected and administered by the newly-created Revenue Scotland.