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

Explanatory Notes

Land and Buildings Transaction Tax (Scotland) Act 2013

2013 asp 11

31 July 2013

The Act

Part 2 – Key Concepts

Chapter 1 of Part 2 – Land Transactions and Chargeable Interests

Land transaction

Section 3 – Land transaction

16. Section 3 defines “land transaction” as the acquisition of a chargeable interest.

17. Defined terms used in this section:

“acquisition”	section 6
“chargeable interest”	section 4