BBC Democracy Live - Land and Buildings Transaction Tax Bill debate 1 25 April 2013 Last updated at 17:43 Help Finance Secretary John Swinney called on MSPs to back the general principles of the Land and Buildings Transaction Tax (Scotland) Bill on 25 April 2013. At decision time his motion was passed unanimously. The legislation will introduce a Land and Buildings Transaction Tax (LBTT) to replace the current UK stamp duty land tax (SDLT). The replacement tax will be introduced in April 2015. Mr Swinney said the replacement for stamp duty would be more progressive, but some buyers would end up paying more. The finance secretary said: "It is not my intention to announce rates and bands any earlier than September 2014." However, he added he may "wait until nearer April 2015 to do so." Responsibility for the tax on land and property sales was devolved to Holyrood as part of the Scotland Act 2012. The second part of the debate and decision time can be viewed below: Land and Buildings Transaction Tax Bill debate 2