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

SCHEDULE 9 Crofting community right to buy relief

(introduced by section 27)

The relief

1 This schedule applies where—

(a) a chargeable transaction is entered into in pursuance of the crofting community right to buy, and

(b) under that transaction two or more crofts are being bought.

2 The tax chargeable in respect of the transaction is the prescribed proportion of the tax that would otherwise be chargeable but for this paragraph.

3 The prescribed proportion is such proportion as may be prescribed by the Scottish Ministers by order.

Interpretation

4 In this schedule “crofting community right to buy” means the right exercisable by a crofting community body under Part 3 of the Land Reform (Scotland) Act 2003 (asp 2).