Scottish Finance Secretary Derek MacKay has announced proposals to introduce a first time buyer relief from the Scottish Land and Buildings Transactions Tax (LBTT) following the lead from Phillip Hammond's decision at the UK Autumn Budget to bring in an exemption for UK SDLT.

The limit is comparatively modest at £175,000 and is only worth a maximum of £600 saving.  So it is unlikely to blow a hole in the Scottish budget - but will undoubtedly be welcome to those seeking to buy their first home. Every little helps I suppose!