Scottish Government publishes Draft 2018-19 Budget

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The Scottish Government has today announced its Draft Budget for 2018-19.

This includes the intention to introduce a new relief on LBTT for first-time buyers in Scotland which increases the zero-rate threshold from the current level of £145,000 to £175,000. The Budget document sets out Scottish Government plans to launch a consultation on the LBTT policy proposals and this is expected to begin in January.

The Budget will now be considered by the Scottish Parliament in the early part of 2018 before any changes can be introduced.

Revenue Scotland will provide regular website updates as the parliamentary process moves forward, and will update its guidance once the measures are introduced.