Due to a stagnant housing market caused by the covid-19 virus Scotland has announced that homeowners now have three years to sell their original home as opposed to eighteen months where they still have the right to reclaim land and buildings transaction tax (LBTT). Currently in Scotland if you purchase a second home then you are subject to LBTT of 4% of the purchase price. If you sell your original residence within eighteen months then you can reclaim this LBTT. The new extension means that this relief applies to properties purchased between 24 September 2018 and 24 March 2020 and brings Scotland in line with the rest of the UK.