Land and Buildings Transaction Tax (Scotland) Act 2013

Valid from 01/04/2015

Overview of reliefS

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

(2)It is arranged as follows—

  • Part 2 provides that certain events relating to a bond are not to be treated as chargeable transactions (except in certain cases),

  • Part 3 sets out general conditions for the operation of the reliefs in Part 4,

  • Part 4 provides for relief in the case of certain transactions (and withdrawal of that relief),

  • Part 5 makes provision about supplementary matters including when the reliefs in Part 4 are not available.