Should we sell our home before moving to Scotland?



When you own a home in England and want to move, you have to consider that the tax rate is going to be the upper limit of the two locations. For Scotland, you have to pay the LBTT tax which is going to be three percentage points higher than the ordinary rate. It is advised to first sell your home before moving so that you don’t have to keep paying both rates. You are also eligible for a refund within 18 months of selling your home.

Key Takeaways:

  • In all three systems, if you buy a new home to live in without first selling your former home, you have to pay a higher rate of whichever tax applies.
  • It’s tempting to sell first and then move to Scotland and find somewhere to buy once you get there.
  • On a practical note, house hunting in a situation rather than from a distance is also likely to be more fruitful.

“In all three systems, if you buy a new home to live in without first selling your former home, you have to pay a higher rate of whichever tax applies.”

Read more: https://www.theguardian.com/money/2020/feb/03/should-we-sell-our-home-before-moving-to-scotland

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Gavin Brazg

Gavin Brazg

MSc Dip Arch

Founder & CEO

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