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

SCHEDULE 5 Multiple dwellings relief

PART 3 Key terms

Consideration attributable to dwellings and remaining property

7 In relation to a relevant transaction—

(a) the consideration attributable to dwellings is so much of the chargeable consideration for the transaction as is attributable to the dwellings,

(b) the consideration attributable to remaining property is the chargeable consideration for the transaction less the consideration attributable to dwellings.

Dwellings

8 “The dwellings” are, in relation to a relevant transaction, the dwelling or dwellings that are, or are part of, the main subject-matter of the transaction.

Interest in a dwelling

9 A reference in this schedule to an interest in a dwelling is to any chargeable interest in or over a dwelling.