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

SCHEDULE 7 Alternative property finance relief

PART 1 Introductory

Overview

1 (1) This schedule makes provision for relief in the case of certain land transactions connected to alternative property finance arrangements.

(2) It is arranged as follows—

• Part 2 identifies the alternative property finance arrangements that are relieved,

• Part 3 makes provision limiting the arrangements that can be relieved,

• Part 4 provides for the circumstances in which the chargeable interest acquired by a financial institution under the arrangements is an exempt interest, and

• Part 5 defines expressions used in this schedule.