Land and Buildings Transaction Tax (Scotland) Act 2013

PART 1SIntroductory

Overview of reliefsS

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

(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.

Commencement Information

I1 Sch. 4 para. 1 in force at 1.4.2015 by S.S.I. 2015/108 , art. 2