Land and Buildings Transaction Tax (Scotland) Act 2013

PART 3SKey terms

Consideration attributable to dwellings and remaining propertyS

7SIn relation to a relevant transaction—

(a)the consideration attributable to dwellings is so much of the chargeable consideration for the transaction as is attributable to the dwellings,

(b)the consideration attributable to remaining property is the chargeable consideration for the transaction less the consideration attributable to dwellings.

Commencement Information

I1 Sch. 5 para. 7 in force at 1.4.2015 by S.S.I. 2015/108 , art. 2

DwellingsS

8S“The dwellings” are, in relation to a relevant transaction, the dwelling or dwellings that are, or are part of, the main subject-matter of the transaction.

Commencement Information

I2 Sch. 5 para. 8 in force at 1.4.2015 by S.S.I. 2015/108 , art. 2

Interest in a dwellingS

9SA reference in this schedule to an interest in a dwelling is to any chargeable interest in or over a dwelling.

Commencement Information

I3 Sch. 5 para. 9 in force at 1.4.2015 by S.S.I. 2015/108 , art. 2