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

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Valid from 01/04/2015

SCHEDULE 12 S Relief for incorporation of limited liability partnership

Interpretation S

3 S In this schedule—

• “limited liability partnership” means a limited liability partnership formed under the Limited Liability Partnerships Act 2000 (c.12) or the Limited Liability Partnerships Act (Northern Ireland) 2002 (c.12 (N.I.)),

• “the relevant time” means—

  (a)

  where the transferor acquired the interest after the incorporation of the limited liability partnership, immediately after the transferor acquired it, and

  (b)

  in any other case, immediately before the incorporation of the limited liability partnership.