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Changes over time for: Section 2


Timeline of Changes
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Status:
Point in time view as at 06/04/2022.
Changes to legislation:
There are currently no known outstanding effects for the Land and Buildings Transaction Tax (Scotland) Act 2013, Section 2.

Changes to Legislation
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2OverviewS
This section has no associated Explanatory Notes
This Act is arranged as follows—
Part 2 makes provision for the key concepts underlying the tax including—
(a)
which transactions are land transactions,
(b)
which interests are, and which are not, chargeable interests in land,
(c)
when a chargeable interest is acquired and the treatment of transactions involving contracts which require to be completed by conveyance as well as other kinds of transaction,
(d)
which land transactions are, and which are not, chargeable transactions,
(e)
what is, and what is not, chargeable consideration in relation to a chargeable transaction,
Part 3 makes provision for—
(a)
the amount of tax payable,
(b)
relief from the tax, and
(c)
who is liable to pay the tax,
Part 4 provides for returns relating to land transactions and for the payment of the tax,
Part 5 contains provision about the application of the Act in relation to certain types of buyer, including companies, partnerships and trusts,
Part 6 contains provision about the application of the Act to leases and non-residential licences,
Part 7 contains general provision, including provisions about the Tax Authority and definitions of expressions used in the Act,
Part 8 contains provisions on subordinate legislation powers and commencement as well as other final provisions.
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