In the case of a transaction for which the whole or part of the chargeable consideration is rent, see paragraph 3 of schedule 19 (leases) for the tax rates and tax bands applicable to such consideration.

The amount of tax chargeable in respect of a chargeable transaction is to be determined as follows.

• Step 1 For each tax band applicable to the type of transaction, multiply so much of the chargeable consideration for the transaction as falls within the band by the tax rate for that band.

• Step 2 Calculate the sum of the amounts reached under Step 1. The result is the amount of tax chargeable.

In the case of a transaction for which the whole or part of the chargeable consideration is rent this section has effect subject to schedule 19 (leases).

Where a chargeable transaction is one of a number of linked transactions, the amount of tax chargeable in respect of the transaction is to be determined as follows.

• Step 1 For each tax band applicable to the type of transaction, multiply so much of the relevant consideration as falls within the band by the tax rate for that band.

• Step 2 Calculate the sum of the amounts reached under Step 1. The result is the total tax chargeable.

• Step 3 Divide the chargeable consideration for the transaction by the relevant consideration.

• Step 4 Multiply the total tax chargeable by the fraction reached under Step 3. The result is the amount of tax chargeable.

The relevant consideration is the total of the chargeable consideration for all the linked transactions.

In the case of a transaction for which the whole or part of the chargeable consideration is rent this section has effect subject to schedule 19 (leases).

The following schedules provide for reliefs from the tax in relation to certain land transactions—

• schedule 3 (sale and leaseback relief),

• schedule 4 (relief for certain acquisitions of residential property),

• schedule 5 (multiple dwellings relief),

• schedule 6 (relief for certain acquisitions by registered social landlords),

• schedule 7 (alternative property finance relief),

• schedule 8 (relief for alternative finance investment bonds),

• schedule 9 (crofting community right to buy relief),

• schedule 10 (group relief),

• F5schedule 10A (sub-sale development relief),

• schedule 11 (reconstruction relief and acquisition relief),

• schedule 12 (relief for incorporation of limited liability partnership),

• schedule 13 (charities relief),

• F3schedule 13A (friendly societies relief),

• schedule 13B (building societies relief),

• schedule 14 (relief for certain compulsory purchases),

• schedule 15 (relief for compliance with planning obligations),

• schedule 16 (public bodies relief).

• F4schedule 16A (visiting forces and international military headquarters reliefs),

• schedule 16B (relief for property accepted in satisfaction of tax),

• schedule 16C (lighthouses relief).

Any relief under any of those schedules must be claimed in the first return made in relation to the transaction or in an amendment of that return.

For the period allowed for amendment of returns, see section 83 of the Revenue Scotland and Tax Powers Act 2014 (asp 16).

An order under subsection (3) may also modify any other enactment that the Scottish Ministers consider appropriate.

The buyer is liable to pay the tax in respect of a chargeable transaction.