Land and Buildings Transaction Tax (Scotland) Act 2013 Explanatory Notes

The Act

Part 2 – Key Concepts

Chapter 1 of Part 2 – Land Transactions and Chargeable Interests
Land transaction
Section 3 – Land transaction

16.Section 3 defines “land transaction” as the acquisition of a chargeable interest.

17.Defined terms used in this section:

“acquisition”section 6
“chargeable interest”section 4

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