Land and Buildings Transaction Tax (Scotland) Act 2013

Interest held by financial institution an exempt interest

This section has no associated Explanatory Notes

22That interest ceases to be an exempt interest if—

(a)the lease or agreement mentioned in paragraph 2(b) or 7(b) ceases to have effect, or

(b)the right under paragraph 2(c) or 7(c) ceases to have effect or becomes subject to a restriction.