Land and Buildings Transaction Tax (Scotland) Act 2013 (asp 11)

SCHEDULE 13 Charities relief

Qualifying charitable purposes

3 A buyer holds the subject-matter of a transaction for qualifying charitable purposes if the buyer holds it—

(a) for use in the furtherance of the charitable purposes of the buyer or of another charity, or

(b) as an investment from which the profits are applied to the charitable purposes of the buyer.