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Ideas are just the start

Ideas are just the start

LBTT: Beware Intra-Group Transfers

Revenue Scotland have confirmed, in a formal Opinion, that where a parent company has given a lender a pledge over shares in its subsidiary by way of security, this will deny LBTT group relief on any transfers of Scottish property to that subsidiary by the parent.  This reasoning would logically also extend to transfers to that subsidiary from other group companies.  This represents a material difference in the treatment of such Scottish land transactions compared to similar transfers in the rest of the UK under the SDLT regime. 

The discrepancy stems from difference

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Burness admin

ET Fees. What happens next?

"People and businesses need to know, on the one hand, that they will be able to enforce their rights if they have to do so, and, on the other hand, that if they fail to meet their obligations, there is likely to be a remedy against them.

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Burness admin

Edinburgh & South East Scotland City Region Deal – a winning hand?

The election meant that the players had to keep the cards close to their chests – but finally the key features of the Edinburgh and South East Scotland City Region Deal have been announced.

As noted in my previous blogs, every City Region Deal has involved its own priorities, and that has always been understood as one of the strengths of the model.

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Burness admin