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

Section 52 – Application of this Act to leases

137.Section 52 introduces schedule 19 concerning leases. See also paragraph 3(1)(a) of schedule 1, which exempts the grant, assignation or renunciation of most leases of residential property. Subsection (2) provides that the Scottish Ministers may, by regulations, modify schedule 19. Such regulations will be subject to the affirmative procedure (see section 68).

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