Scotland

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August 31, 2024 3 min read Definitions

Charitable Incorporated Organization: New Legal Status for Charities

Law Non-Profit Business Charities Legal Structures Non-Profit Organizations England and Wales Scotland

A Charitable Incorporated Organization (CIO) is a new legal status that provides the same rights as a limited company without the need to comply with the Companies Act.

August 31, 2024 4 min read Definitions

Land and Buildings Transaction Tax (LBTT): An Overview

Economics Real Estate Taxation Property Tax Scotland Real Estate Transactions Government Regulations

LBTT, or Land and Buildings Transaction Tax, is the Scottish equivalent of the Stamp Duty Land Tax (SDLT) in England and Northern Ireland. It is levied on the purchase of property and land transactions in Scotland.