UK Act of Parliament 2013 Scotland

LBTTSA 2013

An Act of the Scottish Parliament to make provision about the taxation of land transactions.

Read the Act on legislation.gov.uk (opens in a new tab)
Enforced by
Revenue Scotland
Status
Amended (in force with amendments)
Penalty ceiling
Regulated

Does it bind you?

Business-side roles with duties under this instrument.

Any Person12 Trader5 Director or Officer1

Plus 5 duties on the regulator, Crown ministers and public bodies — folded into the section list below.

Other Acts binding the same actors

If a role above is yours, these are the other instruments that most often bind it.

Any Person — also bound by 2340 other Acts
Trader — also bound by 825 other Acts
Companies Act 2006 243 duties
Companies Act 1985 85 duties
Director or Officer — also bound by 429 other Acts
Companies Act 2006 126 duties

What it requires

Sections creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.

Part 1

Land and buildings transaction tax

0 of 2 sections shown
2 other sections in this Part — procedural and definitional
s.001 The tax (opens in a new tab)
s.002 Overview (opens in a new tab)
Part 2

Key concepts

0 of 21 sections shown
21 other sections in this Part — procedural and definitional
s.003 Land transaction (opens in a new tab)
s.004 Chargeable interest (opens in a new tab)
s.005 Exempt interest (opens in a new tab)
s.006 Acquisition and disposal of chargeable interest (opens in a new tab)
s.007 Buyer and seller (opens in a new tab)
s.008 Contract and conveyance (opens in a new tab)
s.009 Completion without substantial performance (opens in a new tab)
s.010 Substantial performance without completion (opens in a new tab)
s.011 Contract providing for conveyance to third party (opens in a new tab)
s.012 Options and rights of pre-emption (opens in a new tab)
s.013 Exchanges (opens in a new tab)
s.014 Meaning of “substantial performance” (opens in a new tab)
s.015 Chargeable transaction (opens in a new tab)
s.016 Exempt transaction (opens in a new tab)
s.017 Chargeable consideration (opens in a new tab)
s.018 Contingent consideration (opens in a new tab)
s.019 Uncertain or unascertained consideration (opens in a new tab)
s.020 Contingent, uncertain or unascertained consideration: further provision (opens in a new tab)
s.021 Annuities etc.: chargeable consideration limited to 12 years' payments (opens in a new tab)
s.022 Deemed market value where transaction involves connected company (opens in a new tab)
s.023 Exceptions from deemed market value (opens in a new tab)
Part 3

Calculation of tax and reliefs

2 of 6 sections shown
s.024 Tax rates and tax bands (opens in a new tab) Regulated
  • Pay Land and Buildings Transaction Tax at the correct rateAny Person
Other duties (1) — Crown / regulator
  • Scottish Ministers must set tax bands and rates for property transactionsCrown / Minister / Government department
s.028 Liability for tax (opens in a new tab) Regulated
  • Pay Land and Buildings Transaction Tax (LBTT) on property purchasesAny Person
4 other sections in this Part — procedural and definitional
s.025 Amount of tax chargeable (opens in a new tab)
s.026 Amount of tax chargeable: linked transactions (opens in a new tab)
s.026 Additional amount: transactions relating to second homes etc.
s.027 Reliefs (opens in a new tab)
Part 4

Returns and payment

7 of 16 sections shown
s.029 Duty to make return (opens in a new tab) Regulated
  • File LBT return for land purchaseTrader
  • Submit a land and buildings tax return to Revenue ScotlandAny Person
s.033 Further return where relief withdrawn (opens in a new tab) Regulated
  • Submit a further tax return if LBTT relief is withdrawnAny Person
s.034 Return or further return in consequence of later linked transaction (opens in a new tab) Regulated
  • File a return for the earlier land transaction after a linked later transactionTrader
  • Submit a return for later linked land transactionsAny Person
s.035 Form and content (opens in a new tab) Regulated
  • Submit LBTT return using the form and information specified by Revenue ScotlandTrader
  • Submit tax returns in the correct format and mannerAny Person
s.037 Communications from taxpayers to the Tax Authority Regulated
  • Submit tax communications in the required form, content and mannerAny Person
  • Use correct forms and methods for tax communicationsAny Person
s.040 Payment of tax (opens in a new tab) Regulated
  • Pay Land and Buildings Transaction Tax (LBTT) when filing your returnAny Person
  • Pay LBTT when filing a land‑transaction returnTrader
s.043 Return to be made and tax paid before application for registration (opens in a new tab) Regulated
  • Submit land transaction return and pay tax before registrationTrader
  • Submit land tax return and pay tax before registering propertyAny Person
9 other sections in this Part — procedural and definitional
s.030 Notifiable transactions (opens in a new tab)
s.031 Return where contingency ceases or consideration ascertained (opens in a new tab)
s.032 Contingency ceases or consideration ascertained: less tax payable (opens in a new tab)
s.036 Declaration (opens in a new tab)
s.037 Amendment (opens in a new tab)
s.038 Interpretation (opens in a new tab)
s.039 Power to amend period in which returns must be made (opens in a new tab)
s.041 Application to defer payment in case of contingent or uncertain consideration (opens in a new tab)
s.042 Regulations about applications under section 41 (opens in a new tab)
Part 5

Application of act to certain persons and bodies

1 of 8 sections shown
s.051 Persons acting in a representative capacity etc. (opens in a new tab) Regulated
  • Discharge LBTT duties as personal representative or court receiverAny Person
  • Fulfil tax obligations on behalf of a deceased person or via a receiverDirector or Officer
7 other sections in this Part — procedural and definitional
s.044 Companies and other organisations (opens in a new tab)
s.045 Unit trust schemes (opens in a new tab)
s.046 Open-ended investment companies (opens in a new tab)
s.047 Residential property holding companies (opens in a new tab)
s.048 Joint buyers (opens in a new tab)
s.049 Partnerships (opens in a new tab)
s.050 Trusts (opens in a new tab)
Part 6

Application of Act to leases and licences

0 of 2 sections shown
2 other sections in this Part — procedural and definitional
s.052 Application of this Act to leases (opens in a new tab)
s.053 Application of this Act to licences (opens in a new tab)
Part 7

General and interpretation

0 of 13 sections shown
13 other sections in this Part — procedural and definitional
s.054 The Tax Authority (opens in a new tab)
s.055 Delegation of functions to Keeper (opens in a new tab)
s.056 Review and appeal (opens in a new tab)
s.057 Linked transactions (opens in a new tab)
s.058 Connected persons (opens in a new tab)
s.059 Meaning of “residential property” (opens in a new tab)
s.060 Meaning of “major interest” in land (opens in a new tab)
s.061 Meaning of “subject-matter” and “main subject-matter” (opens in a new tab)
s.062 Meaning of “market value” (opens in a new tab)
s.063 Meaning of “effective date” of a transaction (opens in a new tab)
s.064 Meaning of “completion” (opens in a new tab)
s.065 General interpretation (opens in a new tab)
s.066 Index of defined expressions (opens in a new tab)
Part 8

Final provisions

0 of 5 sections shown
5 other sections in this Part — procedural and definitional
s.067 Ancillary provision (opens in a new tab)
s.068 Subordinate legislation (opens in a new tab)
s.069 Crown application (opens in a new tab)
s.070 Commencement (opens in a new tab)
s.071 Short title (opens in a new tab)
Schedules

Schedules

5 of 499 shown
s.sch008 (1) Condition D is that, before the end of the... Regulated
  • Provide security to Revenue Scotland within 120 days of first transactionAny Person
s.sch008 (1) Where a security is discharged in accordance with paragraph... Regulated
Other duties (1) — Crown / regulator
  • Revenue Scotland must register security discharge within 30 daysStatutory regulator
s.sch010 Any such notice must be given before the end of... Regulated
Other duties (1) — Crown / regulator
  • Revenue Scotland must issue recovery notices within 3 years of final determinationCrown / Minister / Government department
s.sch010 The notice must state the amount required to be paid... Regulated
Other duties (1) — Crown / regulator
  • Revenue Scotland must state the amount owed in recovery noticesStatutory regulator
s.sch011 Any such notice must be given before the end of... Regulated
Other duties (1) — Crown / regulator
  • Revenue Scotland must give recovery notice within 3 years of final determinationCrown / Minister / Government department
494 other schedules
s.002 Chargeable consideration (opens in a new tab)
s.004 Relief for certain acquisitions of residential property (opens in a new tab)
s.009 Crofting community right to buy relief (opens in a new tab)
s.013 Charities relief (opens in a new tab)
s.014 Relief for certain compulsory purchases (opens in a new tab)
s.016 Public bodies relief (opens in a new tab)
s.017 Partnerships (opens in a new tab)
s.019 Leases (opens in a new tab)
s.020 Index of defined expressions (opens in a new tab)
s.sch001 A land transaction is an exempt transaction if there is...
s.sch001 A land transaction under which the buyer is any of...
s.sch001 (1) The grant, assignation or renunciation of—
s.sch001 A transaction between one party to a marriage and the...
s.sch001 A transaction between one party to a civil partnership and...
s.sch001 (1) The acquisition of property by a person in or...
s.sch001 (1) A transaction following a person's death that varies a...
s.sch001 (1) The creation, issue, transfer, redemption or cancellation of units...
s.sch001 The Scottish Ministers may, by regulations, modify this schedule so...
s.sch002 The chargeable consideration for a transaction is, except as otherwise...
s.sch002 (1) References in this Act to the amount or value...
s.sch002 (1) Where the whole or part of the consideration for...
s.sch002 (1) Where the whole or part of the consideration for...
s.sch002 Where a land transaction is entered into by reason of...
s.sch002 Where the buyer agrees to indemnify the seller in respect...
s.sch002 Where— (a) there is a land transaction that is—
s.sch002 (1) Where— (a) there is a land transaction under which...
s.sch002 (1) This paragraph applies in any case where arrangements are...
s.sch002 The chargeable consideration for a transaction includes any value added...
s.sch002 The amount or value of the chargeable consideration for a...
s.sch002 (1) For the purposes of this Act consideration attributable—
s.sch002 (1) This paragraph applies to determine the chargeable consideration where...
s.sch002 In the case of a land transaction giving effect to...
s.sch002 Except as otherwise expressly provided, the value of any chargeable...
s.sch002 (1) Where the chargeable consideration for a land transaction consists...
s.sch002 (1) Where a land transaction would be an exempt transaction...
s.sch002a ADDITIONAL AMOUNT: TRANSACTIONS RELATING TO SECOND HOMES ETC.
s.sch002a (1) This schedule makes provision about an additional amount of...
s.sch002a (1) A relief under paragraph 9 must be claimed in...
s.sch002a (1) This paragraph applies to determine what counts as a...
s.sch002a (1) This paragraph applies to determine, for the purposes of...
s.sch002a (1) This paragraph applies where a person is the beneficiary...
s.sch002a (1) This paragraph applies where a person owns a dwelling...
s.sch002a (1) This paragraph applies where a person (“the tenant”) is...
s.sch002a (1) This paragraph applies where a person (“the liferenter”) holds...
s.sch002a (1) This paragraph applies where two or more persons are...
s.sch002a (1) In the case of a dwelling situated outside Scotland,...
s.sch002a (1) The Scottish Ministers may by order amend paragraph 4(2)...
s.sch002a (1) This schedule applies to a chargeable transaction if the...
s.sch002a (1) In this schedule— “ bare trust ” has the...
s.sch002a (1) This schedule applies to a chargeable transaction if the...
s.sch002a (1) Where this schedule applies to a chargeable transaction, the...
s.sch002a (1) This paragraph applies to a chargeable transaction which satisfies...
s.sch002a (1) For the purposes of paragraph 2(1)(c), a dwelling which...
s.sch002a (1) This paragraph applies to a chargeable transaction which satisfies...
s.sch002a (1) Sub-paragraph (2) applies in relation to a chargeable transaction...
s.sch002a (1) Sub-paragraph (2) applies in relation to a chargeable transaction...
s.sch002a (1) Sub-paragraph (2) applies in relation to a chargeable transaction...
s.sch002a A chargeable transaction is exempt from the additional amount if...
s.sch002a (1) A chargeable transaction to which this schedule applies by...
s.sch002a (1) A chargeable transaction to which this schedule applies by...
s.sch002a A chargeable transaction to which this schedule applies by virtue...
s.sch003 The leaseback element of a sale and leaseback arrangement is...
s.sch003 A sale and leaseback arrangement is an arrangement under which—...
s.sch003 The qualifying conditions are— (a) that the sale transaction is...
s.sch003 In this schedule, “debt” has the same meaning as in...
s.sch004 (1) This schedule provides for relief in the case of...
s.sch004 Where qualifying conditions (a) to (g) but not (h) are...
s.sch004 In this Part of this schedule, the qualifying conditions are—...
s.sch004 Paragraph 11(g)(ii) does not apply to the grant of a...
s.sch004 (1) Relief under this schedule is withdrawn in the following...
s.sch004 Relief under Part 3 of this schedule (acquisition by property...
s.sch004 Paragraph 14(b) does not apply to the grant of a...
s.sch004 Relief under Part 4 of this schedule (acquisition by property...
s.sch004 Paragraph 16(b) does not apply to the grant of a...
s.sch004 “Dwelling” includes land occupied and enjoyed with the dwelling as...
s.sch004 A building or part of a building is a “new...
s.sch004 Where a dwelling (“the old dwelling”) is acquired by a...
s.sch004 “The permitted area”, in relation to a dwelling, means land...
s.sch004 Where paragraph 20(b) applies, the permitted area is taken to...
s.sch004 References in this schedule to— (a) the acquisition of a...
s.sch004 A “house-building company” means a company that carries on the...
s.sch004 References in this schedule to such a company include any...
s.sch004 (1) A “property trader” means an entity listed in sub-paragraph...
s.sch004 For the purposes of this schedule— (a) anything done by...
s.sch004 Schedule 2A makes provision about an additional amount of tax...
s.sch004 “Refurbishment” of a dwelling means the carrying out of works...
s.sch004 The “permitted amount”, in relation to the refurbishment of a...
s.sch004 Where qualifying conditions (a) to (d) but not (e) are...
s.sch004 In this Part of this schedule, the qualifying conditions are—...
s.sch004 Where a dwelling (“the old dwelling”) is acquired by a...
s.sch004 Where qualifying conditions (a) to (e) but not (f) are...
s.sch004 In this Part of this schedule, the qualifying conditions are—...
s.sch004 Paragraph 7(e)(ii) does not apply to the grant of a...
s.sch004 Where a dwelling (“the old dwelling”) is acquired by a...
s.sch004a First-time buyer relief
s.sch004a Eligibility for relief
s.sch004a Meaning of first-time buyer
s.sch004a Relief from the tax
s.sch004a Eligibility for relief: alternative finance arrangements
s.sch004a Deemed ownership: beneficiaries under certain trusts
s.sch004a Dwellings owned by trustees or personal representatives
s.sch004a Interpretation
s.sch005 (1) This schedule provides for relief in the case of...
s.sch005 The amount of tax chargeable in relation to a relevant...
s.sch005 The amount of tax chargeable in relation to a relevant...
s.sch005 But where DT x ND or, as the case may...
s.sch005 The minimum prescribed amount is such proportion as may be...
s.sch005 The tax due in relation to a dwelling is determined...
s.sch005 The tax due in relation to remaining property is determined...
s.sch005 “Attributable” means attributable on a just and reasonable basis.
s.sch005 Relief under this schedule is withdrawn in relation to a...
s.sch005 Where relief is withdrawn, the amount of tax chargeable is...
s.sch005 Relief under this schedule is partially withdrawn in relation to...
s.sch005 Where relief is partially withdrawn, tax is chargeable on the...
s.sch005 This schedule applies to relevant transactions.
s.sch005 In that case, the tax so chargeable must be calculated...
s.sch005 “The relevant period” means the shorter of—
s.sch005 In relation to a transaction effected on completion of a...
s.sch005 In this Part of this schedule, “event” includes any change...
s.sch005 This Part of this schedule sets out rules for determining...
s.sch005 A building or part of a building counts as a...
s.sch005 Land that is, or is to be, occupied or enjoyed...
s.sch005 Land that subsists, or is to subsist, for the benefit...
s.sch005 The main subject-matter of a transaction is also taken to...
s.sch005 In paragraph 28, “relevant deeming provision” means section 10 or...
s.sch005 A relevant transaction is a transaction (other than a transaction...
s.sch005 Subsections (3) to (6) of section 59 apply for the...
s.sch005 A transaction is within this paragraph if its main subject-matter...
s.sch005 A transaction is within this paragraph if—
s.sch005 A transaction is excluded by this paragraph if—
s.sch005 In relation to a relevant transaction— (a) the consideration attributable...
s.sch005 “The dwellings” are, in relation to a relevant transaction, the...
s.sch005 A reference in this schedule to an interest in a...
s.sch006 A land transaction under which the buyer is a registered...
s.sch006 The qualifying conditions are— (a) that the registered social landlord...
s.sch006 The reference in paragraph 2(a) to a registered social landlord...
s.sch006 For the purposes of paragraph 3, “board member” is to...
s.sch006a RELIEF FOR CERTAIN ACQUISITIONS BY LOCAL AUTHORITIES
s.sch006a A land transaction under which the buyer is a local...
s.sch006a The qualifying conditions are— (a) that the transaction is entered...
s.sch007 (1) This schedule makes provision for relief in the case...
s.sch007 Any transfer to the person that results from the exercise...
s.sch007 The agreement mentioned in paragraph 7(c) is not to be...
s.sch007 A further transaction that is exempt from charge by virtue...
s.sch007 Paragraphs 14 and 15 apply where arrangements are entered into...
s.sch007 The first transaction is exempt from charge if the seller...
s.sch007 The second transaction is exempt from charge if the financial...
s.sch007 Paragraphs 2 to 12 do not apply to arrangements in...
s.sch007 Paragraphs 2 to 12 do not apply to alternative finance...
s.sch007 That includes arrangements for a person to acquire control of...
s.sch007 In paragraphs 17 and 18— “alternative finance arrangements” means the...
s.sch007 Paragraphs 3 to 6 apply where arrangements are entered into...
s.sch007 Section 1124 of the Corporation Tax Act 2010 (c.4) applies...
s.sch007 An interest held by a financial institution as a result...
s.sch007 That interest ceases to be an exempt interest if—
s.sch007 Paragraph 21 does not apply if the first transaction is...
s.sch007 Paragraph 21 does not make an interest exempt in respect...
s.sch007 (1) In this schedule “financial institution” has the meaning given...
s.sch007 In this schedule— “arrangements” includes any agreement, understanding, scheme, transaction...
s.sch007 The first transaction is exempt from charge if the seller...
s.sch007 The second transaction is exempt from charge if the provisions...
s.sch007 A transfer to the person that results from the exercise...
s.sch007 The agreement mentioned in paragraph 2(c) is not to be...
s.sch007 Paragraphs 8 to 12 apply where arrangements are entered into...
s.sch007 The first transaction is exempt from charge if the seller...
s.sch007 The second transaction is exempt from charge if the provisions...
s.sch008 (1) This schedule makes provision for relief in the case...
s.sch008 (1) Condition C is that, for the purpose of generating...
s.sch008 Condition E is that the total of the payments of...
s.sch008 Condition F is that Q holds the interest in land...
s.sch008 (1) Condition G is that— (a) before the end of...
s.sch008 (1) The first transaction is exempt from charge if—
s.sch008 (1) Relief under paragraph 15 is withdrawn if—
s.sch008 Where relief is withdrawn, the amount of tax chargeable is...
s.sch008 The amount chargeable is the tax that would have been...
s.sch008 (1) The second transaction is exempt from charge if—
s.sch008 In this schedule, “alternative finance investment bond” means arrangements to...
s.sch008 If, after the effective date of the second transaction, Q...
s.sch008 (1) This paragraphs applies if— (a) conditions A to C...
s.sch008 (1) Paragraph 21 also applies where the replacement land is...
s.sch008 (1) The reliefs provided by paragraphs 15 and 19 (and...
s.sch008 (1) But paragraph 24 does not prevent the reliefs being...
s.sch008 The reliefs provided by paragraph 15 and 19 (and paragraph...
s.sch008 In this schedule— “bond assets”, “bond-holder”, “bond-issuer” and “capital” have...
s.sch008 For the purposes of this Act— (a) the bond-holder under...
s.sch008 (1) Paragraph 4 does not apply if control of the...
s.sch008 (1) But paragraph 5(1) does not apply (and accordingly, section...
s.sch008 This Part of this schedule defines conditions A to G...
s.sch008 Condition A is that one person (P) and another (Q)...
s.sch008 Condition B is that— (a) Q, as bond-issuer, enters into...
s.sch009 The relief
s.sch009 In this schedule “crofting community right to buy” means the...
s.sch010 (1) This schedule provides for relief for certain transactions involving...
s.sch010 This paragraph applies to arrangements in so far as they...
s.sch010 (1) This paragraph applies to arrangements if and for so...
s.sch010 In this Part of this schedule— “control” has the meaning...
s.sch010 This Part of this schedule is arranged as follows— paragraphs...
s.sch010 Relief under this schedule is withdrawn or partially withdrawn where—...
s.sch010 This paragraph applies where the buyer in the transaction which...
s.sch010 This paragraph applies where, at the time the buyer ceases...
s.sch010 This paragraph applies where— (a) the relief under this schedule...
s.sch010 Where relief is withdrawn, the amount of tax chargeable is...
s.sch010 The amount chargeable is the tax that would have been...
s.sch010 Where relief is partially withdrawn, the amount of tax chargeable...
s.sch010 An “appropriate proportion” means an appropriate proportion having regard to—...
s.sch010 A land transaction is exempt from charge if the seller...
s.sch010 Relief under this schedule is not withdrawn where the buyer...
s.sch010 Relief under this schedule is not withdrawn where—
s.sch010 Relief under this schedule is not withdrawn where—
s.sch010 But where, in a case to which paragraph 21 or...
s.sch010 The circumstances referred to in paragraph 23(a) are that the...
s.sch010 This paragraph applies to a chargeable interest—
s.sch010 Relief under this schedule is not withdrawn where the buyer...
s.sch010 The seller is regarded as leaving the group if the...
s.sch010 But if there is a change in the control of...
s.sch010 Paragraph 28 does not apply where— (a) there is a...
s.sch010 Relief under this schedule is not available if at the...
s.sch010 There is a change in the control of the buyer...
s.sch010 For the purposes of paragraph 30 a person does not...
s.sch010 Where the following conditions are met, paragraphs 13 to 31...
s.sch010 The first condition is that there is a change in...
s.sch010 The second condition is that the change occurs—
s.sch010 The third condition is that, apart from paragraph 32, relief...
s.sch010 The fourth condition is that any previous transaction falls within...
s.sch010 A previous transaction falls within this paragraph if—
s.sch010 Paragraph 33 does not apply where— (a) there is a...
s.sch010 If two or more transactions effected at the same time...
s.sch010 Paragraph 3 does not apply to arrangements to which paragraph...
s.sch010 There is a change in the control of a company...
s.sch010 For the purposes of paragraphs 20 and 27 a company...
s.sch010 In this Part of this schedule— “control” is to be...
s.sch010 Recovery of relief
s.sch010 The following persons may, by notice under paragraph 42E, be...
s.sch010 For the purposes of paragraph 42B(b)— (a) a “ relevant...
s.sch010 In paragraph 42B(c)— “ director ”, in relation to a...
s.sch010 Recovery of relief: supplementary
s.sch010 The notice has effect— (a) for the purposes of the...
s.sch010 A person who has paid an amount in pursuance of...
s.sch010 A payment in pursuance of a notice under paragraph 42E...
s.sch010 In paragraph 42H, “ Revenue Scotland assessment ” has the...
s.sch010 Companies are members of the same group if one is...
s.sch010 A company (A) is the 75% subsidiary of another company...
s.sch010 For the purposes of paragraph 44(a)— (a) the ownership referred...
s.sch010 “Ordinary share capital”, in relation to a company, means all...
s.sch010 Chapter 6 of Part 5 of the Corporation Tax Act...
s.sch010 But sections 171(1)(b) and (3), 173, 174 and 176 to...
s.sch010 In this schedule— “arrangements” includes any scheme, agreement or understanding,...
s.sch010 Relief under this schedule is not available if the transaction...
s.sch010 Arrangements are within paragraph 5(a) if under them the seller...
s.sch010 Paragraph 5(b) does not apply to arrangements to which paragraph...
s.sch010 Relief under this schedule is not available if the transaction—...
s.sch010 This paragraph applies to arrangements entered into with a view...
s.sch010a Sub-sale development relief
s.sch010a (1) This schedule provides for relief in the case of...
s.sch010a (1) Where the subject-matter of the qualifying sub-sale is part...
s.sch010a Where the first buyer claims relief under this schedule, the...
s.sch010a Relief under this schedule may not be claimed if relief...
s.sch010a Relief under this schedule is withdrawn if no development of...
s.sch010a Where relief is withdrawn, the amount of tax chargeable in...
s.sch010a (1) Relief under this schedule is partially withdrawn if—
s.sch010a Where relief under this schedule is given, section 14(1)(c) is...
s.sch010a Where relief under this schedule is given the chargeable consideration...
s.sch010a (1) Relief under this schedule may be claimed by the...
s.sch010a A sub-sale is a qualifying sub-sale if—
s.sch010a (1) The qualifying conditions are that— (a) the substantial performance...
s.sch010a References in this schedule to the “subject-matter” of a qualifying...
s.sch010a References in this schedule to “part of the subject-matter” of...
s.sch010a In this schedule— “development”— means the building, on the subject-matter...
s.sch010a In paragraph 7— “agricultural” is to be construed as meaning...
s.sch010a (1) Where the subject-matter of the qualifying sub-sale is the...
s.sch011 (1) This schedule provides for relief for certain transactions in...
s.sch011 In this Part of this schedule, “trade” includes any venture...
s.sch011 This Part of this schedule is arranged as follows— paragraphs...
s.sch011 Relief under Part 2 or Part 3 of this schedule...
s.sch011 This paragraph applies where control of the acquiring company changes—...
s.sch011 This paragraph applies where, at the time the control of...
s.sch011 Relief under Part 2 or Part 3 of this schedule...
s.sch011 Relief under Part 2 or Part 3 of this schedule...
s.sch011 Relief under Part 2 or Part 3 of this schedule...
s.sch011 But see paragraphs 22 to 24 for the effect of...
s.sch011 Relief under Part 2 or Part 3 of this schedule...
s.sch011 A land transaction is exempt from charge if—
s.sch011 But see paragraphs 25 to 28 for the effect of...
s.sch011 Relief under Part 2 or Part 3 of this schedule...
s.sch011 Relief under Part 2 or Part 3 of this schedule...
s.sch011 This paragraph applies where a company holding shares in the...
s.sch011 This paragraph applies where the acquiring company or a relevant...
s.sch011 Relief under Part 2 or Part 3 of this schedule...
s.sch011 This paragraph applies where control of the other company mentioned...
s.sch011 This paragraph applies where, at the time control of that...
s.sch011 This paragraph applies where the acquiring company or a relevant...
s.sch011 Where relief is withdrawn, the amount of tax chargeable is...
s.sch011 The qualifying conditions are— (a) that a company (“the acquiring...
s.sch011 The amount chargeable is the tax that would have been...
s.sch011 Where relief is partially withdrawn, the tax chargeable is an...
s.sch011 An “appropriate proportion” means an appropriate proportion having regard to—...
s.sch011 In paragraphs 19 and 25— (a) “share acquisition relief” means...
s.sch011 In this Part of this schedule, references to control of...
s.sch011 In this Part of this schedule— “control” is to be...
s.sch011 Recovery of relief
s.sch011 The following persons may, by notice under paragraph 35E, be...
s.sch011 For the purposes of paragraph 35B— (a) “ relevant time...
s.sch011 In paragraph 35B(b)— “ director ”, in relation to a...
s.sch011 Recovery of relief: supplementary
s.sch011 The notice must state the amount required to be paid...
s.sch011 The notice has effect— (a) for the purposes of the...
s.sch011 A person who has paid an amount in pursuance of...
s.sch011 A payment in pursuance of a notice under paragraph 35E...
s.sch011 In paragraph 35H, “ Revenue Scotland assessment ” has the...
s.sch011 Companies are members of the same group if one is...
s.sch011 A company (A) is the 75% subsidiary of another company...
s.sch011 For the purposes of paragraph 37— (a) the ownership referred...
s.sch011 “Ordinary share capital”, in relation to a company, means all...
s.sch011 Where the consideration for the acquisition consists partly of the...
s.sch011 Chapter 6 of Part 5 of the Corporation Tax Act...
s.sch011 But sections 171(1)(b) and (3), 173, 174 and 176 to...
s.sch011 In this schedule— “arrangements” include any scheme, agreement or understanding,...
s.sch011 If, immediately before the acquisition, the target company or the...
s.sch011 (1) This paragraph applies where— (a) a land transaction is...
s.sch011 The qualifying conditions are— (a) that a company (“the acquiring...
s.sch011 Where the consideration for the acquisition consists partly of the...
s.sch011 For the purposes of qualifying condition (c)—
s.sch012 A land transaction by which a chargeable interest is transferred...
s.sch012 The qualifying conditions are— (a) that the effective date of...
s.sch012 In this schedule— “limited liability partnership” means a limited liability...
s.sch013 A land transaction is exempt from charge if the buyer...
s.sch013 An “appropriate proportion” means an appropriate proportion having regard to—...
s.sch013 In relation to a transfer or grant that is, by...
s.sch013 This schedule applies in relation to a charitable trust as...
s.sch013 “Charitable trust” means— (a) a trust of which all the...
s.sch013 In this schedule as it applies in relation to a...
s.sch013 (1) In this schedule, “charity” means— (a) a body registered...
s.sch013 In this schedule, "charitable purposes" has the meaning given by...
s.sch013 In this schedule, “annual rent” means the average annual rent...
s.sch013 The qualifying conditions are— (a) that the buyer intends to...
s.sch013 A buyer holds the subject-matter of a transaction for qualifying...
s.sch013 Relief under this schedule is withdrawn, or partially withdrawn, if—...
s.sch013 A “disqualifying event” means— (a) the buyer ceasing to be...
s.sch013 Where the relevant transaction is exempt from charge by virtue...
s.sch013 A lease— (a) is granted “at a premium” if there...
s.sch013 Where relief is withdrawn, the amount of tax chargeable is...
s.sch013 Where relief is partially withdrawn, the amount of tax chargeable...
s.sch013a ( introduced by section 27 )
s.sch013a The relief
s.sch013a Interpretation
s.sch013b (introduced by section 27)
s.sch013b The relief
s.sch013b Interpretation
s.sch014 An acquisition of a chargeable interest by a local authority...
s.sch014 The qualifying condition is that the local authority has made...
s.sch014 For the purposes of this schedule it does not matter...
s.sch015 A land transaction that is entered into in order to...
s.sch015 The qualifying conditions are— (a) that the planning obligation or...
s.sch015 “Planning obligation” means an agreement made under section 75 of...
s.sch015 “Modification” of a planning obligation means modification as mentioned in...
s.sch015 The following are public bodies for the purposes of paragraph...
s.sch016 A land transaction entered into on, in consequence of or...
s.sch016 The Scottish Ministers may, by order, provide that a land...
s.sch016 A “reorganisation” means changes involving— (a) the establishment, reform or...
s.sch016 The following are public bodies for the purposes of this...
s.sch016 In this schedule, references to a public body include—
s.sch016 In paragraphs 4 and 5, “company” means a company as...
s.sch016a VISITING FORCES AND INTERNATIONAL MILITARY HEADQUARTERS RELIEFS
s.sch016a A land transaction entered into with a view to any...
s.sch016a Paragraph 1 has effect in relation to any designated international...
s.sch016a In this schedule— “designated” means designated by or under any...
s.sch016b RELIEF FOR PROPERTY ACCEPTED IN SATISFACTION OF TAX
s.sch016b A land transaction entered into under section 9(4) of the...
s.sch016c LIGHTHOUSES RELIEF
s.sch016c A land transaction entered into by or under the direction...
s.sch016c A land transaction entered into by or under the direction...
s.sch016e Overview
s.sch016e Disposal of interest in part of qualifying investment zone land during control period
s.sch016e Cases involving alternative finance arrangements
s.sch016e Full relief
s.sch016e Partial relief
s.sch016e Attributing chargeable consideration to land
s.sch016e Transaction land
s.sch016e Qualifying investment zone land
s.sch016e Use of land in a qualifying manner
s.sch016e Withdrawal of relief
s.sch016e The control period
s.sch017 (1) This schedule makes provision about the application of this...
s.sch017 (1) Where the responsible partners are liable to make a...
s.sch017 This Part of this schedule is arranged as follows— paragraphs...
s.sch017 (1) This Part of this schedule applies where—
s.sch017 (1) The chargeable consideration for the land transfer is taken...
s.sch017 The sum of the lower proportions in relation to the...
s.sch017 (1) For the purposes of paragraph 14 (see Step 1),...
s.sch017 (1) For the purposes of paragraph 14 (see Step 2),...
s.sch017 (1) This paragraph applies where— (a) subsequent to the land...
s.sch017 (1) This paragraph applies where, during the period of 3...
s.sch017 This Part of this schedule is arranged as follows— paragraphs...
s.sch017 In this Act, “ partnership ” means—
s.sch017 (1) This Part of this schedule applies where a chargeable...
s.sch017 (1) The chargeable consideration for the land transfer is (subject...
s.sch017 The sum of the lower proportions in relation to the...
s.sch017 (1) For the purposes of paragraph 22 (see Step 1),...
s.sch017 (1) For the purposes of paragraph 22 (see Step 2),...
s.sch017 (1) This paragraph provides for determining the partnership share attributable...
s.sch017 (1) Where this paragraph applies, the partnership share attributable to...
s.sch017 (1) This paragraph applies where— (a) there is a transfer...
s.sch017 (1) This paragraph applies where— (a) immediately before the land...
s.sch017 (1) This paragraph applies in relation to a transaction to...
s.sch017 (1) For the purposes of this Act—
s.sch017 This Part of this schedule is arranged as follows— paragraphs...
s.sch017 (1) In this schedule, “ property-investment partnership ” means a...
s.sch017 (1) This paragraph applies where— (a) there is a transfer...
s.sch017 (1) A lease held as partnership property immediately after a...
s.sch017 (1) Where paragraph 5 of schedule 2 (exchanges) applies to...
s.sch017 (1) Part 4 of this schedule does not apply to...
s.sch017 This Part of this schedule is arranged as follows— paragraph...
s.sch017 (1) Paragraph 1 of schedule 1 (exemption of transactions for...
s.sch017 (1) Schedule 10 (group relief) applies with the following modifications...
s.sch017 (1) This paragraph applies where in calculating the sum of...
s.sch017 The acquisition of an interest in a partnership is not...
s.sch017 (1) Schedule 13 (charities relief) applies to the transfer of...
s.sch017 (1) A transaction which is a chargeable transaction by virtue...
s.sch017 This Part of this schedule defines expressions used in this...
s.sch017 Any reference to partnership property is to an interest or...
s.sch017 Any reference to a person's partnership share at any time...
s.sch017 References to the transfer of a chargeable interest include—
s.sch017 For the purposes of this schedule, there is a transfer...
s.sch017 For the purposes of this schedule, there is a transfer...
s.sch017 For the purposes of this schedule, where a person acquires...
s.sch017 In the application of section 1122 of the Corporation Tax...
s.sch017 For the purposes of this Act, a partnership is treated...
s.sch017 “ Arrangements ” includes any scheme, agreement or understanding, whether...
s.sch017 A partnership is not to be regarded for the purposes...
s.sch017 This Part of this schedule applies to land transactions entered...
s.sch017 (1) Anything required or authorised to be done under this...
s.sch017 (1) Anything required or authorised to be done by or...
s.sch018 (1) This schedule makes provision about the application of this...
s.sch018 Where persons, as trustees of a settlement, acquire a chargeable...
s.sch018 Paragraph 12 applies where a chargeable interest is acquired by...
s.sch018 Any consideration given for the person in whose favour the...
s.sch018 Paragraph 14 applies where— (a) the trustees of a settlement...
s.sch018 The fact that the beneficiary gives consent does not mean...
s.sch018 Where the trustees of a settlement are liable to pay...
s.sch018 A return in relation to a land transaction may be...
s.sch018 The declaration required by section 36(1) or (2)(a) must be...
s.sch018 The responsible trustees, in relation to a land transaction, are—...
s.sch018 In this schedule, a “bare trust”— (a) is a trust...
s.sch018 Paragraphs 3 and 4 apply where property is held in...
s.sch018 The references in paragraph 19 to a person being absolutely...
s.sch018 In this schedule, “ settlement ” means a trust that...
s.sch018 The beneficiary is to be treated for the purpose of...
s.sch018 An acquisition of the interest of a beneficiary under the...
s.sch018 Where a person (T) acquires a chargeable interest or an...
s.sch018 However, any tax due by the person or persons may,...
s.sch018 Paragraphs 5 and 6 do not apply in relation to...
s.sch018 Where a lease is granted to a person as bare...
s.sch018 Where a person, as bare trustee, grants a lease, the...
s.sch019 (1) This schedule makes provision about the application of this...
s.sch019 (1) This paragraph applies where, in relation to a chargeable...
s.sch019 (1) This paragraph applies where, in relation to a chargeable...
s.sch019 (1) For the purposes of this Act, a single sum...
s.sch019 (1) This paragraph applies to determine the amount of rent...
s.sch019 (1) In the case of the grant, assignation or renunciation...
s.sch019 (1) In the case of the grant of a lease...
s.sch019 In the case of an assignation of a lease the...
s.sch019 (1) Where, under arrangements made in connection with the grant...
s.sch019 (1) Where a lease is granted in consideration of the...
s.sch019 In the application of this schedule to a lease for...
s.sch019 Where the chargeable consideration for a chargeable transaction to which...
s.sch019 (1) This paragraph applies to— (a) a lease for a...
s.sch019 (1) This paragraph applies where— (a) (ignoring this paragraph) paragraph...
s.sch019 (1) For the purposes of this Act (except section 30...
s.sch019 (1) This paragraph applies where— (a) successive leases are granted...
s.sch019 (1) This paragraph applies where— (a) A renounces an existing...
s.sch019 (1) Where— (a) there is an agreement (including missives not...
s.sch019 (1) Where a lease is constituted by concluded missives of...
s.sch019 (1) This paragraph applies where the grant of a lease...
s.sch019 (1) Where a lease is assigned, anything that but for...
s.sch019 (1) Where a lease is varied so as to reduce...
s.sch019 (1) The Scottish Ministers must, by order, specify the tax...
s.sch019 (1) This paragraph applies where, in relation to a land...
s.sch019 The amount of tax chargeable on so much of the...
s.sch019 Where a chargeable transaction to which this schedule applies is...
s.sch019 The net present value (NPV) of the rent payable over...
s.sch019 (1) For the purposes of this schedule the “temporal discount...
s.sch019 (1) Where in the case of a transaction to which...
s.sch019 (1) This paragraph applies in the case of a transaction...
s.schedule n1 para.1 Overview
s.schedule n1 para.10 Disposal of interest in part of qualifying green freeport land during control period
s.schedule n1 para.11 Cases involving alternative finance arrangements
s.schedule n1 para.2 Full relief
s.schedule n1 para.3 Partial relief
s.schedule n1 para.4 Attributing chargeable consideration to land
s.schedule n1 para.5 Transaction land
s.schedule n1 para.6 Qualifying green freeport land
s.schedule n1 para.7 Use of land in a qualifying manner
s.schedule n1 para.8 Withdrawal of relief
s.schedule n1 para.9 The control period
1 other provision
s.green freeports relief Green Freeports Relief

Help complying

Guvnor’s practical routes through this instrument.

Manage your tax compliance

Understand and manage your ongoing tax obligations as a UK business owner. Covers Self Assessment, VAT, Corporation Tax, record keeping, Making Tax …

Understand property transaction taxes

Overview of SDLT, LBTT, and LTT -- the three separate property transaction taxes across the UK. Covers rates, thresholds, reliefs, filing processes, …

Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.