Land and Buildings Transaction Tax (Scotland) Act 2013 (asp 11)

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Valid from 01/04/2015

PART 2 S Key concepts

CHAPTER 1 S Land transactions and chargeable interests

Acquisition and disposal of chargeable interest S

7 Buyer and seller S

(1) The buyer, in relation to a land transaction, is the person who acquires the subject-matter of the transaction.

(2) But a person is treated as the buyer only where that person has given consideration for, or is a party to, the transaction.

(3) The seller, in relation to a land transaction, is the person who disposes of the subject-matter of the transaction.