Land and Buildings Transaction Tax (Scotland) Act 2013

Partial relief S

[F1 3. (1) This paragraph applies to a land transaction if—

(a) the proportion of the chargeable consideration for the transaction that is attributable to qualifying green freeport land (“the relevant proportion”) is less than 90% but at least 10%, and

(b) the effective date of the transaction is within the period beginning on 1 October 2023 and ending on 30 September 2028.

(2) The tax chargeable in respect of the transaction is reduced by the relevant proportion.]

Textual Amendments

F1 Sch. 16D inserted (1.10.2023) by The Land and Buildings Transaction Tax (Green Freeports Relief) (Scotland) Order 2023 (S.S.I. 2023/280), art. 1(1), sch.