HM Revenue and Customs has published new guidance on how stamp duty land tax (SDLT) and the new Scottish tax, the land and buildings transaction tax (LBTT), are dealt with at the time of switch over on 1 April 2015 from SDLT to LBTT for Scotland.

With transactions involving Scottish properties, and where the effective date is on or after 1 April 2015, arrangements need to be put in place for Scottish solicitors to make the necessary returns and payment to Revenue Scotland.