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

SCHEDULE 13 Charities relief

Withdrawal of relief

4 Relief under this schedule is withdrawn, or partially withdrawn, if—

(a) a disqualifying event occurs—

(i) before the end of the period of 3 years beginning with the effective date of the transaction which was exempt from charge under this schedule (“the relevant transaction”), or

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

(b) at the time of the disqualifying event the buyer holds a chargeable interest—

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

(ii) that is derived from an interest so acquired.