Explanatory Notes

Land and Buildings Transaction Tax (Amendment) (Scotland) Act 2016

2016 asp 11

24 March 2016

Commentary on Sections

Section 1 – Land and buildings transaction tax: second homes etc.

Part 7 of schedule 2A  – General provision

Paragraph 20 of schedule 2A – Interpretation

80. Paragraph 20 sets out definitions for “bare trust”, “relevant consideration”, “settlement”, “dwelling” and “relevant interest”.