F1SCHEDULE 2AADDITIONAL AMOUNT: TRANSACTIONS RELATING TO SECOND HOMES ETC.
Annotations:
Amendments (Textual)
PART 6OWNERSHIP OF DWELLINGS
Deemed ownership: long leases
15
1
This paragraph applies where a person (“the tenant”) is the tenant under a lease of a dwelling for a term of more than 20 years
2
For the purposes of this schedule—
a
the tenant is to be treated as the owner of the dwelling, and
b
the landlord under the lease is to be treated as not being the owner.
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)