Land and Buildings Transaction Tax (Scotland) Act 2013 (asp 11)

SCHEDULE 10 S Group relief

PART 3 S Withdrawal of relief

Withdrawal of relief S

13 S Relief under this schedule is withdrawn or partially withdrawn where—

[F1 (a) paragraphs 14 and 15 apply, or

(b) paragraph 15A applies.]

Textual Amendments

F1 Sch. 10 para. 13(a)(b) substituted for words in sch. 10 para. 13 (30.6.2018) by The Land and Buildings Transaction Tax (Group Relief Modification) (Scotland) Order 2018 (S.S.I. 2018/222), arts. 1(1), 2(4) (with art. 3)

Commencement Information

I1 Sch. 10 para. 13 in force at 1.4.2015 by S.S.I. 2015/108 , art. 2

14 S This paragraph applies where the buyer in the transaction which is exempt from charge by virtue of this schedule (“the relevant transaction”) ceases to be a member of the same group as the seller—

(a) before the end of the period of 3 years beginning with the effective date of the transaction, or

(b) in pursuance of, or in connection with, arrangements made before the end of that period.

Commencement Information

I2 Sch. 10 para. 14 in force at 1.4.2015 by S.S.I. 2015/108 , art. 2

15 S This paragraph applies where, at the time the buyer ceases to be a member of the same group as the seller (“the relevant time”), it or a relevant associated company holds a chargeable interest—

(a) that was acquired by the buyer under the relevant transaction, or

(b) that is derived from a chargeable interest so acquired,

and that has not subsequently been acquired at market value under a chargeable transaction for which relief under this schedule was available but not claimed.

Commencement Information

I3 Sch. 10 para. 15 in force at 1.4.2015 by S.S.I. 2015/108 , art. 2

[F2 15A. S This paragraph applies where—

(a) the relief under this schedule was available solely by virtue of the application of paragraph 10A to arrangements referred to in paragraph 3, and

(b) before the end of the period of three years beginning with the effective date, paragraph 10A ceases to apply to the arrangements.]

Textual Amendments

F2 Sch. 10 para. 15A inserted (30.6.2018) by The Land and Buildings Transaction Tax (Group Relief Modification) (Scotland) Order 2018 (S.S.I. 2018/222), arts. 1(1), 2(5) (with art. 3)