F1SCHEDULE 2AADDITIONAL AMOUNT: TRANSACTIONS RELATING TO SECOND HOMES ETC.
Annotations:
Amendments (Textual)
PART 6OWNERSHIP OF DWELLINGS
Deemed ownership: beneficiaries under certain trusts
13
1
This paragraph applies where a person is the beneficiary under—
a
a bare trust, or
b
a settlement under the terms of which the beneficiary has a relevant interest in any dwelling that is or forms part of the trust property.
2
For the purposes of this schedule, the beneficiary is to be treated as the owner of the dwelling.
3
References in this schedule to “ownership” and “acquisition of ownership” are to be read accordingly.
Sch. 2A inserted (1.4.2016) by Land and Buildings Transaction Tax (Amendment) (Scotland) Act 2016 (asp 11), ss. 1(3), 5(2) (with s. 3)