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

SCHEDULE 4 Relief for certain acquisitions of residential property

PART 1 Introductory

Overview of reliefs

1 (1) This schedule provides for relief in the case of certain acquisitions of residential property.

(2) It is arranged as follows—

• Part 2 provides for relief in the case of an acquisition by a house-building company from an individual acquiring a new dwelling,

• Part 3 provides for relief in the case of an acquisition by a property trader from an individual acquiring a new dwelling,

• Part 4 provides for relief in the case of an acquisition by a property trader from an individual where a chain of transactions breaks down,

• Part 5 provides for the withdrawal of those reliefs in certain circumstances,

• Part 6 defines expressions used in this schedule.