The Scotland Act 2012 gave the Scottish Parliament new powers in relation to certain specified tax matters, including setting a Scottish rate of income tax, and creating new taxes to replace landfill tax and stamp duty land tax. 

On 25 June 2013, the Scottish Parliament passed the Land and Buildings Transaction Tax (Scotland) Bill, by which SDLT will be replaced in due course by a new land and buildings transaction tax (LBTT).

Read more about the LBTT in our latest business briefing.