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Thanks for your question. I am a solicitor in Scotland and can help you with your question today. In Scotland you pay Land and Buildings Transaction Tax as opposed to stamp duty. If the property is purchased for less than £250,000 there is no basic tax. However, because one of you already owns a buy to let property, unless you are selling and replacing a main residence, the purchase will be subject to the 4% Additional Dwelling Supplement. I hope this helped you today. Please do let me know if I can clarify anything, I am always happy to help.
The whole price I’m afraid.
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