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The Land and Buildings Transaction Tax (additional amount: transactions relating to second homes etc.) (Scotland) Amendment Order 2024

S.S.I. 2024/367 · Made 4 December 2024

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

Land And Buildings Transaction Tax

Approved by the Scottish Parliament

Made at 12.30 p.m. on 4th December 2024

Laid before the Scottish Parliament at 4.00 p.m. on 4th December 2024

Coming into force 5th December 2024

The Scottish Ministers make the following Order in exercise of the powers conferred by paragraph 19(1) of schedule 2A of the Land and Buildings Transaction Tax (Scotland) Act 2013f1 and all other powers enabling them to do so.

Annotations to the whole text

Footnotes

f1

2013 asp 11.

Contents

  1. 1Citation, commencement, application and interpretation
  2. 2Amendment of schedule 2A (additional amount: transactions relating to second homes etc.) of the Act
  3. 3Transitional provision
  4. Signature
  5. Explanatory note

1Citation, commencement, application and interpretation

(1)

This Order may be cited as the Land and Buildings Transaction Tax (additional amount: transactions relating to second homes etc.) (Scotland) Amendment Order 2024 and comes into force on 5 December 2024.

(2)

This Order has effect in relation to land transactions in relation to which the effective date is on or after 5 December 2024.

(3)

In this Order, “the Act” means the Land and Buildings Transaction Tax (Scotland) Act 2013.

2Amendment of schedule 2A (additional amount: transactions relating to second homes etc.) of the Act

Paragraph 4(2) of schedule 2Af1 (additional amount: transactions relating to second homes etc.) of the Act is amended by substituting “8%” for “6%”.

3Transitional provision

This Order does not have effect in relation to any land transaction in relation to which the effective date is on or after 5 December 2024 if contracts for the land transaction have been entered into on or prior to 4 December 2024.

Signature

SHONA ROBISON

A member of the Scottish Government

St Andrew’s House,

Edinburgh

At 12.30 p.m. on 4th December 2024

Explanatory note

(This note is not part of the Order)

This Order amends the additional amount payable in respect of residential property in relation to second homes as specified in paragraph 4(2) of schedule 2A of the Land and Buildings Transaction Tax Act 2013.