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Land and Buildings Transaction Tax (Scotland) Act 2013
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- Acts of the Scottish Parliament
- 2013 asp 11
- SCHEDULE 5
- PART 4
- Calculation of relief
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Calculation of reliefS
10SThe amount of tax chargeable in relation to a relevant transaction [F1other than one to which schedule 2A applies] is—
where—
DT is the tax due in relation to a dwelling,
ND is the number of dwellings that are, or are part of, the main subject-matter of the transaction, and
RT is the tax due in relation to remaining property.
Textual Amendments
F1Words in sch. 5 para. 10 inserted (1.4.2016) by Land and Buildings Transaction Tax (Amendment) (Scotland) Act 2016 (asp 11), ss. 2(1)(d)(i), 5(2) (with s. 3)
Commencement Information
I1 Sch. 5 para. 10 in force at 1.4.2015 by S.S.I. 2015/108 , art. 2
[F210ASThe amount of tax chargeable in relation to a relevant transaction to which schedule 2A applies is—
where—
DT is the tax due in relation to each dwelling that is, or is part of, the main subject-matter of the transaction, and
RT is the tax due in relation to the remaining property.]
Textual Amendments
F2Sch. 5 para. 10A inserted (1.4.2016) by Land and Buildings Transaction Tax (Amendment) (Scotland) Act 2016 (asp 11), ss. 2(1)(d)(ii), 5(2) (with s. 3)
[F3 11 .SBut where DT x ND [F4or, as the case may be, ΣDT] is less than the minimum prescribed amount, the amount of tax chargeable in relation to the relevant transaction is—
where—
MPA is the minimum prescribed amount, and
RT is the tax due in relation to remaining property.
Textual Amendments
F3Sch. 5 paras. 11, 12 substituted (1.4.2015) by S.S.I. 2015/123, arts. 1, 8
F4Words in sch. 5 para. 11 inserted (1.4.2016) by Land and Buildings Transaction Tax (Amendment) (Scotland) Act 2016 (asp 11), ss. 2(1)(d)(iii), 5(2) (with s. 3)
Commencement Information
I2Sch. 5 para. 11 in force at 1.4.2015 by S.S.I. 2015/108 , art. 2
12 .SThe minimum prescribed amount is such proportion as may be prescribed by the Scottish Ministers by order of—
where—
TT is the amount of tax that would be due in respect of the transaction but for this schedule, and
RT is the tax due in relation to remaining property.]
Textual Amendments
F3Sch. 5 paras. 11, 12 substituted (1.4.2015) by S.S.I. 2015/123, arts. 1, 8
Commencement Information
I3Sch. 5 para. 12 in force at 1.4.2015 by S.S.I. 2015/108 , art. 2
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