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

SCHEDULE 5 S Multiple dwellings relief

PART 5 S Withdrawal of relief

Partial withdrawal of relief S

18 S Relief under this schedule is partially withdrawn in relation to a relevant transaction if—

(a) an event occurs in the relevant period, and

(b) had the event occurred immediately before the [F1 effective] date of the transaction—

(i) the transaction would have been a relevant transaction, but

(ii) more tax would have been payable in respect of the transaction.

Textual Amendments

F1 Word in Sch. 5 para. 18(b) substituted (7.11.2014) by Revenue Scotland and Tax Powers Act 2014 (asp 16) , s. 260(2) , Sch. 4 para. 9(19) (with ss. 257-259 ); S.S.I. 2014/278 , art. 2 , Sch.

Commencement Information

I1 Sch. 5 para. 18 in force at 1.4.2015 by S.S.I. 2015/108 , art. 2

19 S Where relief is partially withdrawn, tax is chargeable on the transaction as if the event had occurred immediately before the effective date of the transaction.

Commencement Information

I2 Sch. 5 para. 19 in force at 1.4.2015 by S.S.I. 2015/108 , art. 2

20 S In that case, the tax so chargeable must be calculated by reference to the tax rates and tax bands in force at the effective date of the transaction.

Commencement Information

I3 Sch. 5 para. 20 in force at 1.4.2015 by S.S.I. 2015/108 , art. 2