As from 1 April 2015, the commencement of the Land and Buildings Transaction Tax (Scotland) Act 2013 means that Scottish land transactions are no longer within the scope of Stamp Duty Land Tax and will instead be subject to a new land an buildings transaction tax (LBTT). SDLT will, in due course, become a fully devolved tax since Wales is eventually heading in the same direction.
A private members’ bill was been introduced into parliament last year – The Chancel Repairs Bill 2014 (HL Bill No.38) to attempt an abolition of chancel repair liability. Introduced into the House of Lords, its first reading took place on 16 July. It is described as a Bill to make provision for ending the liability of lay rectors for the repair of chancels. It applies only to England only. Its provisions are brief.
The Supreme Court judgment in Scott v Southern Pacific Mortgages Ltd & Ors  UKSC 52 relates to a residential property sale and lease back (equity release) scheme that went badly wrong for the owners of various properties in the North East. The finding of the Supreme Court confirms how badly wrong the scheme went. However, the reasoning given by the Court raises issues for transactions beyond those in this case.