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

SCHEDULE 2 Chargeable consideration

Valuation of non-monetary consideration

7 Except as otherwise expressly provided, the value of any chargeable consideration for a land transaction, other than—

(a) money (whether in sterling or another currency), or

(b) debt as defined for the purposes of paragraph 8 (debt as consideration),

is to be taken to be its market value at the effective date of the transaction.