PART 6Tax returns, enquiries and assessments
CHAPTER 2Taxpayer duties to keep and preserve records
Duty to keep and preserve records: further provision
I181Further provision: land and buildings transaction tax
1
This section applies in relation to land and buildings transaction tax.
2
The Scottish Ministers may by regulations make provision for the keeping and preservation of records in relation to land transactions that are not notifiable.
3
Regulations under this section may require the buyer in a land transaction which is not notifiable to—
a
keep such records as may be needed to enable the buyer to demonstrate that the transaction is not notifiable, and
b
preserve those records in accordance with the regulations.
4
The regulations may apply sections 74 to 79 (with or without modifications) to a buyer mentioned in subsection (3) as those sections apply to a person mentioned in section 74(1).
5
Expressions used in this section and in the LBTT(S) Act 2013 have the meanings given in that Act.