Changes to a tax on property sales will come into effect on Wednesday, the Scottish Government has announced.
Finance Secretary Kate Forbes said on Thursday in Holyrood that the threshold for paying Land and Buildings Transaction Tax (LBTT) would rise from £145,000 to £250,000.
That came a day after Chancellor Rishi Sunak said the threshold for paying stamp duty, the equivalent tax in England, would rise to £500,000.
According to the Scottish Government, 80% of all transactions will now be exempt from LBTT, with those buying property over the threshold saving £2,100.
Ms Forbes said: “I am delighted that we are able to implement this measure quickly and remove uncertainty from the market.
“The UK Government had weeks to prepare for its decision this week to raise the threshold at which stamp duty land tax is paid on house purchases in England and Wales, yet we were given no advance notice.
“We responded yesterday to clarify our policy intentions and by introducing the change so rapidly, we are providing certainty to people in the process of purchasing a home.
“Overall, increasing the LBTT threshold will help increase housing market activity, boost the construction sector and stimulate our economy.”
The Finance Secretary also announced on Thursday the Scottish Government will spend £50 million to support first-time buyers by giving them up to £25,000 towards the price of a home.
Scottish Tory leader Jackson Carlaw had on Thursday urged the Scottish Government to provide clarity on when the LBTT policy would start to avoid “huge damage” to the Scottish housing market.
Regulations will be put before the Scottish Parliament next week for approval, with any changes coming into effect from Wednesday.