Revenue Scotland – LBTT Additional Dwelling Supplement

By Technical Team on 31 Mar 2016

Revenue Scotland have published their Land and Buildings Transaction Tax (LBTT) ‘how to’ guidance on the Revenue Scotland website, updated to include material about how to make returns for LBTT transactions that include payment of the Additional Dwelling Supplement (ADS), which comes into effect on 1 April 2016.

Revenue Scotland have also published a new version of the paper return to accommodate the ADS. Where a paper return is being made, it is essential that the new version of the paper return is used.

Revenue Scotland say:

The LBTT Additional Dwelling Supplement comes into effect from Friday 1 April 2016 –  Following Royal Assent, and the publication of the Land and Buildings Transaction Tax (Amendment) (Scotland) Act 2016 , the Additional Dwelling Supplement comes into effect for certain land transactions in Scotland from Friday 1 April. The Tax Calculator has been updated to provide for Additional Dwelling Supplement calculations, a pdf version of the guidance on the legislation was published a few weeks ago and the ‘How To’ Guidance has been updated to provide instructions for those completing an LBTT return where the Additional Dwelling Supplement applies.

There remains an option to submit a paper return. From Friday 1 April, where a paper return is being made, it is essential that the new version of the paper return is used.

Technical Team

(31-03-2016)