HR&S Properties

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20/01/2025

New project, full refurbishment needed...

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31/12/2024

Landlord property purchases drop by almost half amid rent controls

20/12/2024

🏡 Scotland’s Budget 2024: Key Property Updates for Buyers & Sellers 🏡

Big news for the property market from the latest Scottish Budget! Whether you’re a first-time buyer, an investor, or a seller, here’s what you need to know:

🔑 First-Time Buyer LBTT (stamp duty) Threshold Increased
The LBTT threshold for first-time buyers has been increased to £175,000, meaning you’ll pay no tax on purchases up to this amount. This is a fantastic boost for first-time buyers looking to step onto the property ladder!

🏠 8% Second Property Tax
For those purchasing an additional property, the Additional Dwelling Supplement (ADS) is 8%. If you’re investing in buy-to-let or a holiday home, it’s important to factor this into your plans.
Despite the increase, property remains one of the best investments you can make. Speak to our team about our buy to let/investment opportunities or mortgage advice.

💷 Energy Efficiency & Housing Support
The Scottish Government continues to prioritize affordability and energy efficiency, offering opportunities for sellers to enhance their property’s appeal and value.

At Peachtree Property, we’re here to help you navigate these changes and make informed decisions. Whether buying or selling, our local expertise is your advantage!

📞 Contact us today to learn how the 2024 Budget impacts your property goals.

&SProperty

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