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

SCHEDULE 11 Reconstruction relief and acquisition relief

PART 4 Withdrawal of relief

Interpretation

35 In this Part of this schedule—

• “control” is to be construed in accordance with sections 450 and 451 of the Corporation Tax Act 2010 (c.4),

• “exempt intra-group transfer” means a transfer of shares effected by an instrument that is exempt from stamp duty by virtue of section 42 of the Finance Act 1930 (c.28) or section 11 of the Finance Act (Northern Ireland) 1954 (c.23 (NI)) (transfers between associated bodies corporate),

• “relevant associated company”, in relation to the acquiring company, means a company—

  (a)

  that is controlled by the acquiring company immediately before the control of that company changes, and

  (b)

  of which control changes in consequence of the change of control of that company.