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

SCHEDULE 4 S Relief for certain acquisitions of residential property

PART 5 S Withdrawal of relief

Relief under Part 3 S

14 S Relief under Part 3 of this schedule (acquisition by property trader from individual acquiring new dwelling) is withdrawn if the property trader—

(a) spends more than the permitted amount on refurbishment of the old dwelling,

(b) grants a lease or licence of the old dwelling, or

(c) permits any of its principals or employees (or any person connected with any of its principals or employees) to occupy the old dwelling.

Commencement Information

I1 Sch. 4 para. 14 in force at 1.4.2015 by S.S.I. 2015/108 , art. 2

15 S Paragraph 14(b) does not apply to the grant of a lease or licence to the individual for a period of no more than 6 months.

Commencement Information

I2 Sch. 4 para. 15 in force at 1.4.2015 by S.S.I. 2015/108 , art. 2