Land and Buildings Transaction Tax (Scotland) Act 2013

Valid from 01/04/2015

This section has no associated Explanatory Notes

27SThe seller is regarded as leaving the group if the companies cease to be members of the same group by reason of a transaction relating to shares in—

(a)the seller, or

(b)another company that is above the seller in the group structure and as a result of the transaction ceases to be a member of the same group as the buyer.