SCHEDULE 9Crofting community right to buy relief

(introduced by section 27)

The relief

1

This schedule applies where—

a

a chargeable transaction is entered into in pursuance of the crofting community right to buy, and

b

under that transaction two or more crofts are being bought.

2

The tax chargeable in respect of the transaction is the prescribed proportion of the tax that would otherwise be chargeable but for this paragraph.

3

The prescribed proportion is such proportion as may be prescribed by the Scottish Ministers by order.

4Interpretation

In this schedule “crofting community right to buy” means the right exercisable by a crofting community body under Part 3 of the Land Reform (Scotland) Act 2003 (asp 2).