Stakeholders in the property and investment management sector have approached the Scottish Government to call for these reliefs. They relate to investment in property assets and their introduction would bring parity with the position for SDLT.
If no changes are made to LBTT legislation in relation to this area industry representatives suggest that it may lead investment and pension funds to divest of Scottish properties. The Scottish Government wishes to gain a better understanding of the future impacts should these reliefs be introduced, or alternatively not introduced. This includes the linkages between these types of financial investment and impacts on economic growth, particularly in the commercial property sector.