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

SCHEDULE 13 S Charities relief

Valid from 01/04/2015

Charitable trusts S

12 S This schedule applies in relation to a charitable trust as it applies to a charity.

13 S “Charitable trust” means—

(a) a trust of which all the beneficiaries are charities, or

(b) a unit trust scheme in which all the unit holders are charities.

14 S In this schedule as it applies in relation to a charitable trust—

(a) references to the buyer in paragraph 3(a) and (b) are to the beneficiaries or unit holders, or any of them,

(b) the reference to the buyer in paragraph 5(a) is to any of the beneficiaries or unit holders,

(c) the reference in paragraph 6 to the charitable purposes of the buyer is to those of the beneficiaries or unit holders, or any of them.