Textual Amendments
F1 Sch. 10A 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) , 7 , Sch.
13.SRelief under this schedule is withdrawn if no development of the subject-matter of the qualifying sub-sale takes place within the relevant period.
14.SWhere relief is withdrawn, the amount of tax chargeable in relation to the first land transaction is the amount that would have been chargeable in respect of that transaction but for the relief.
15.(1)Relief under this schedule is partially withdrawn if—S
(a)the significant development proposed when the relief was given has not been completed within the relevant period, but
(b)some development of the subject-matter of the qualifying sub-sale has taken place within that period.
(2)Where relief is partially withdrawn, the amount of tax chargeable in relation to the first land transaction is an appropriate proportion of the amount that would have been chargeable in respect of that transaction but for the relief.
(3)An “appropriate proportion” means an appropriate proportion that is just and reasonable having regard to, among other things, the extent to which the significant development proposed when the relief was given has taken place.]