Murray Beith Murray is a leading Scottish private client law firm.
For over 170 years we have specialised in meeting the legal, financial and administrative needs of individuals and families, family trusts, charities and private companies.
The impact of the current COVID-19 outbreak is temporarily affecting almost every aspect of our lives at the moment, and no less so for property buyers and sellers.
Concerns have been raised over the uncontrolled rise in short-term lets across Scotland, particularly in Edinburgh City Centre. While the short-term rental sector has generated £723 million worth of economic activity in Scotland, it has been suggested that short-term lets have added to housing market pressures and problems in neighbouring communities. With this in mind, the Scottish Government published a consultation to obtain views from experts and the public on whether short-term lets should be regulated.
Murray Beith Murray Senior Solicitor, Alastair Marshall, writes in The Scotsman today (Monday 2 September). Read the full article below:
Buying a second home as a buy-to-let property has traditionally been seen as a sound investment, and indeed these properties can still provide a good return.
In April 2016 the Scottish Government introduced a Land and Buildings Transaction Tax (LBTT) supplement on the purchase of additional residential properties in Scotland.
