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Land and Buildings Transaction Tax (Scotland) Act 2013
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Tax due in relation to remaining property
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14The tax due in relation to remaining property is determined as follows.
Step 1
Calculate the amount of tax that would be due in respect of the transaction but for this schedule.
Step 2
Divide the consideration attributable to remaining property by the chargeable consideration for the transaction.
Step 3
Multiply the amount calculated in Step 1 by the fraction reached in Step 2.
The result is the tax due in relation to remaining property.
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