Proposed LBTT supplement on additional residential homes: Shelter Scotland’s response to the Finance Committee’s call for written evidence

Shelter Scotland is broadly supportive of the introduction of the LBTT supplement on additional residential homes.

The LBTT supplement could reduce instability in the buy-to-let sector, identified as being particularly vulnerable to economic turbulence by the Bank of England, protecting private renters.

The LBTT supplement could also play an important role in reducing house price inflation, to the benefit of first time buyers.