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

SCHEDULE 3 S Sale and leaseback relief

Sale and leaseback arrangements S

2 S A sale and leaseback arrangement is an arrangement under which—

(a) a person (A) transfers or grants to another person (B) a major interest in land (the “sale”), and

(b) out of that interest B grants a lease to A (the “leaseback”).

Commencement Information

I1 Sch. 3 para. 2 in force at 1.4.2015 by S.S.I. 2015/108 , art. 2