Land and Buildings Transaction Tax (Scotland) Act 2013

Meaning of first-time buyer S

[F1 2. In this schedule “first-time buyer” means a person who—

(a) has not previously been a buyer in relation to an acquisition of a major interest in land which consisted of residential property including a dwelling, and

(b) has not previously acquired an interest in a dwelling situated outside Scotland that is equivalent to the interest of a buyer referred to in sub-paragraph (a).]

Textual Amendments

F1 Sch. 4A inserted (30.6.2018) by The Land and Buildings Transaction Tax (First-Time Buyer Relief) (Scotland) Order 2018 (S.S.I. 2018/221), art. 1(1), sch. (with art. 6)