Why Scotland is an attractive place to buy?

Why Scotland is an attractive place to buy?

The demand for residential properties in the University cities of Scotland remains very strong with most landlords continuing to enjoy good occupancy rates and capital appreciation. With popular areas of Edinburgh and Glasgow always in demand from owner-occupiers and tenants. Generally, popular areas of Edinburgh have higher rents and better capital appreciation than other cities across Scotland.

Overseas buyers should consider:

Overseas buyers should consider:

  • Land and Buildings Transaction Tax (LBTT) and Additional Dwelling supplement (ADS) on the purchase of a property.
  • Income Tax when they receive income from the letting of a property.
  • Capital Gains Tax (CGT) on the sale of a property. This varies depending on what vehicle the property is purchased through.
Here at McEwan Fraser Legal We can help

If you are interested in using our property investment acquisition services you should get yourself registered as a client and you will be required to go through all the necessary money laundering and ID procedures. We will require to know the source of funds and will need to see copies of your bank statement(s), showing cleared funds.

We may also need evidence of how the funds were accumulated. Once all the formal checks have been made, you will be appointed one of our acquisition consultants. If you require specialist advice and commentary on what and where to buy in Scotland. This service will normally involve viewing the property on your behalf and advising on what levels to make offers. For the most experienced investors, we can offer an execution-only service. Once you become an established client of our firm we can introduce you to “off-market” fixed price properties.

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