Land and Buildings Transaction Tax (Scotland) Act 2013

Valid from 01/04/2015

Condition AS

8SCondition A is that one person (P) and another (Q) enter into arrangements under which—

(a)P transfers to Q a qualifying interest in land (“the first transaction”), and

(b)P and Q agree that when the interest ceases to be held by Q as mentioned in paragraph 9(b), Q will transfer the interest to P.