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Land and Buildings Transaction Tax (Scotland) Act 2013

Section 7 – Buyer and seller

26.Section 7 defines “buyer” and “seller”.(6) The “buyer” is the person acquiring the subject-matter of the transaction, and “seller” is the person disposing of the subject-matter of the transaction. But a person is not a buyer if they are not a party to or have not provided consideration for the transaction.

27.Defined terms used in this section:

“subject-matter”section 61
6

The terms used for SDLT are “purchaser” and “vendor”, reflecting English conveyancing practice.

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