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

Valid from 01/04/2015

SCHEDULE 18 S Trusts

PART 2 S Treatment of trusts and beneficiaries generally

Interests of beneficiaries under certain trusts S

2 S Paragraphs 3 and 4 apply where property is held in trust—

(a) under the law of Scotland, or

(b) under the law of a country or territory outwith the United Kingdom,

on terms such that, if the trust had effect under the law of England and Wales, a beneficiary would be regarded as having an equitable interest in the trust property.