Land and Buildings Transaction Tax (Scotland) Act 2013

Adjustments and further returns S

31 Return where contingency ceases or consideration ascertained S

(1) The buyer in a land transaction must make a return to the Tax Authority if—

(a) section 18(2) or 19(2) (contingent, uncertain or unascertained consideration) applies in relation to the transaction (or to any transaction in relation to which it is a linked transaction),

(b) an event mentioned in subsection (2) occurs, and

(c) the effect of the event is that—

(i) the transaction becomes notifiable,

(ii) additional tax is payable in respect of the transaction, or

(iii) tax is payable where none was payable before.

(2) The events are—

(a) in the case of contingent consideration, the contingency occurs or it becomes clear that it will not occur, or

(b) in the case of uncertain or unascertained consideration, an amount relevant to the calculation of the consideration, or any instalment of consideration, becomes ascertained.

(3) The return must be made before the end of the period of 30 days beginning with the day after the date on which the event occurred.

(4) The return must include an assessment of the tax that, on the basis of the information contained in the return, is chargeable in respect of the transaction.

(5) The tax so chargeable is to be calculated by reference to the tax rates and tax bands in force at the effective date of the transaction.

(6) This section does not apply so far as the consideration consists of rent (see schedule 19 (leases)) unless the effect of the event mentioned in subsection (2) is that the transaction becomes notifiable.

Modifications etc. (not altering text)

C1 S. 31 applied (1.4.2015) by The Land and Buildings Transaction Tax (Administration) (Scotland) Regulations 2014 (S.S.I. 2014/375), regs. 1, 12

Commencement Information

I1 S. 31 in force at 1.4.2015 by S.S.I. 2015/108, art. 2

32 Contingency ceases or consideration ascertained: less tax payable S

(1) The buyer in a land transaction may take one of the steps mentioned in subsection (2) to obtain a repayment of tax if—

(a) section 18(2) or 19(2) (contingent, uncertain and unascertained consideration) applies in relation to the transaction (or to any transaction in relation to which it is a linked transaction),

(b) an event mentioned in section 31(2) occurs, and

(c) the effect of the event is that less tax is payable in respect of the transaction than has already been paid.

(2) The steps are—

(a) within the period allowed for amendment of the land transaction return, amend the return accordingly,

(b) after the end of that period (if the land transaction return is not so amended), make a claim to the Tax Authority [F1 under section 107 of the Revenue Scotland and Tax Powers Act 2014 (asp 16)] for repayment of the amount overpaid.

[F2 (2A) For the period allowed for amendment of returns, see section 83 of the Revenue Scotland and Tax Powers Act 2014 (asp 16).]

(3) This section does not apply so far as the consideration consists of rent (see schedule 19 (leases)).

Textual Amendments

F1 Words in s. 32(2)(b) inserted (1.4.2015) by Revenue Scotland and Tax Powers Act 2014 (asp 16), s. 260(2), Sch. 4 para. 9(5)(a) (with ss. 257-259); S.S.I. 2015/110, art. 2(1)

F2 S. 32(2A) inserted (1.4.2015) by Revenue Scotland and Tax Powers Act 2014 (asp 16), s. 260(2), Sch. 4 para. 9(5)(b) (with ss. 257-259); S.S.I. 2015/110, art. 2(1)

Modifications etc. (not altering text)

C2 S. 32 applied (1.4.2015) by The Land and Buildings Transaction Tax (Administration) (Scotland) Regulations 2014 (S.S.I. 2014/375), regs. 1, 12

Commencement Information

I2 S. 32 in force at 1.4.2015 by S.S.I. 2015/108, art. 2

33 Further return where relief withdrawn S

(1) The buyer in a land transaction must make a further return to the Tax Authority if relief is withdrawn to any extent under—

(a) Part 5 of schedule 4 (relief for certain acquisitions of residential property),

(b) Part 5 of schedule 5 (transfer of multiple dwellings),

(c) Part 4 of schedule 8 (relief for alternative finance investment bonds),

(d) Part 3 of schedule 10 (group relief),

[F3 (da) Part 3 of schedule 10A (sub-sale development relief),]

(e) Part 4 of schedule 11 (reconstruction relief and acquisition relief), F4 ...

(f) paragraph 4 of schedule 13 (charities relief)[F5 or,

(g) Part 4 of schedule 16D (green freeports relief).]

(2) The return must include an assessment of the amount of tax that, on the basis of the information contained in the return, is chargeable.

(3) The return must be made before the end of the period of 30 days beginning with the day after the date on which the relevant event occurred.

(4) The relevant event is—

(a) in relation to the withdrawal of relief under schedule 4, an event mentioned in paragraph 14(a), (b) or (c) or 16(a), (b) or (c) of that schedule,

(b) in relation to the withdrawal of relief under schedule 5, an event mentioned in paragraph 16(a) or 18(a) of that schedule,

(c) in relation to the withdrawal of relief under schedule 8, an event mentioned in paragraph 16 of that schedule,

(d) in relation to the withdrawal of group relief, the buyer ceasing to be a member of the same group as the seller within the meaning of schedule 10,

[F6 (da) in relation to the withdrawal of sub-sale development relief, the end of the relevant period within the meaning of paragraph 4(3) of schedule 10A,]

(e) in relation to the withdrawal of reconstruction relief or acquisition relief, the change of control of the acquiring company mentioned in paragraph 13 of schedule 11,

(f) in relation to the withdrawal of charities relief, a disqualifying event as defined in paragraphs 5 and 6 of schedule 13,

[F7 (g) in relation to the withdrawal of relief under schedule 16D, an event mentioned in paragraph 8(1) of that schedule.]

Textual Amendments

F3 S. 33(1)(da) inserted (1.4.2015) by The Land and Buildings Transaction Tax (Sub-sale Development Relief and Multiple Dwellings Relief) (Scotland) Order 2015 (S.S.I. 2015/123), arts. 1(1), 4(a)

F4 Word in s. 33(1)(e) repealed (1.10.2023) by The Land and Buildings Transaction Tax (Green Freeports Relief) (Scotland) Order 2023 (S.S.I. 2023/280), arts. 1(1), 2(3)(a)

F5 S. 33(1)(g) and word inserted (1.10.2023) by The Land and Buildings Transaction Tax (Green Freeports Relief) (Scotland) Order 2023 (S.S.I. 2023/280), arts. 1(1), 2(3)(b)

F6 S. 33(4)(da) inserted (1.4.2015) by The Land and Buildings Transaction Tax (Sub-sale Development Relief and Multiple Dwellings Relief) (Scotland) Order 2015 (S.S.I. 2015/123), arts. 1(1), 4(b)

F7 S. 33(4)(g) inserted (1.10.2023) by The Land and Buildings Transaction Tax (Green Freeports Relief) (Scotland) Order 2023 (S.S.I. 2023/280), arts. 1(1), 2(3)(c)

Commencement Information

I3 S. 33 in force at 1.4.2015 by S.S.I. 2015/108, art. 2

34 Return or further return in consequence of later linked transaction S

(1) This section applies where the effect of a transaction (“the later transaction”) that is linked to an earlier transaction is that—

(a) the earlier transaction becomes notifiable,

(b) additional tax is payable in respect of the earlier transaction, or

(c) tax is payable in respect of the earlier transaction where none was payable before.

(2) The buyer in the earlier transaction must make a return (or further return) in respect of that transaction.

(3) The return must be made before the end of the period of 30 days beginning with the day after the effective date of the later transaction.

(4) The return must include an assessment of the amount of tax that, on the basis of the information contained in the return, is chargeable as a result of the later transaction.

(5) The tax so chargeable is to be calculated by reference to the tax rates and tax bands in force at the effective date of the earlier transaction.

(6) This section does not affect any requirement to make a land transaction return in respect of the later transaction.

Commencement Information

I4 S. 34 in force at 1.4.2015 by S.S.I. 2015/108, art. 2