F1SCHEDULE 2AADDITIONAL AMOUNT: TRANSACTIONS RELATING TO SECOND HOMES ETC.
Annotations:
Amendments (Textual)
PART 7GENERAL PROVISION
Interpretation
20
1
In this schedule—
“bare trust” has the meaning given in paragraph 19 of schedule 18,
“relevant consideration” is to be construed in accordance with paragraph 4(3) and (4),
“settlement”, except in paragraph 12(5)(b), has the meaning given in paragraph 21 of schedule 18.
2
Part 6 of schedule 5 (what counts as a “dwelling”) applies for the purposes of this schedule as it applies for the purposes of schedule 5.
3
For the purposes of this schedule, a beneficiary under a settlement has a relevant interest in a dwelling that is or forms part of the trust property or the subject-matter of a transaction if the beneficiary is entitled to—
a
occupy the dwelling for life, or
b
income (whether net or gross) in respect of the dwelling.
Sch. 2A inserted (1.4.2016) by Land and Buildings Transaction Tax (Amendment) (Scotland) Act 2016 (asp 11), ss. 1(3), 5(2) (with s. 3)