3Transitional provision: application of this Act

1

This Act applies in relation to a chargeable transaction where—

a

the contract for the transaction was entered into on or after 28 January 2016, and

b

the effective date of the transaction is on or after the day on which section 1 comes into force.

2

For the purposes of this section, “chargeable transaction”, “contract” and “effective date” have the same meanings as in the Land and Buildings Transaction Tax (Scotland) Act 2013.