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Land and Buildings Transaction Tax (Scotland) Act 2013

2013 asp 11 · Enacted 31 July 2013 · Extends to Scotland

Up to date with all changes known to legislation.gov.uk, revised to 1 April 2026.

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

The Bill for this Act of the Scottish Parliament was passed by the Parliament on 25th June 2013 and received Royal Assent on 31st July 2013C1C2

Annotations to the whole text

Modifications

C1

Act excluded (1.4.2015) by The Land and Buildings Transaction Tax (Transitional Provisions) (Scotland) Order 2014 (S.S.I. 2014/377), arts. 1, 9

C2

Act excluded (1.4.2015) by The Land and Buildings Transaction Tax (Transitional Provisions) (Scotland) Order 2014 (S.S.I. 2014/377), art. 6(2)

Contents

  1. Part 1: Land and buildings transaction tax
  2. 1The tax
  3. 2Overview
  4. Part 2: Key concepts
  5. Chapter 1: Land transactions and chargeable interests
  6. Land transaction
  7. 3Land transaction
  8. Chargeable interest
  9. 4Chargeable interest
  10. 5Exempt interest
  11. Acquisition and disposal of chargeable interest
  12. 6Acquisition and disposal of chargeable interest
  13. 7Buyer and seller
  14. Chapter 2: Provision about particular transactions
  15. General rules for contracts requiring conveyance
  16. 8Contract and conveyance
  17. 9Completion without substantial performance
  18. 10Substantial performance without completion
  19. Contract providing for conveyance to third party
  20. 11Contract providing for conveyance to third party
  21. Options etc.
  22. 12Options and rights of pre-emption
  23. Exchanges
  24. 13Exchanges
  25. Interpretation
  26. 14Meaning of “substantial performance”
  27. Chapter 3: Chargeable transactions and chargeable consideration
  28. Chargeable transaction
  29. 15Chargeable transaction
  30. 16Exempt transaction
  31. Chargeable consideration
  32. 17Chargeable consideration
  33. Contingent, uncertain or unascertained consideration
  34. 18Contingent consideration
  35. 19Uncertain or unascertained consideration
  36. 20Contingent, uncertain or unascertained consideration: further provision
  37. Annuities etc.
  38. 21Annuities etc.: chargeable consideration limited to 12 years' payments
  39. Deemed market value
  40. 22Deemed market value where transaction involves connected company
  41. 23Exceptions from deemed market value
  42. Part 3: Calculation of tax and reliefs
  43. Amount of tax chargeable
  44. 24Tax rates and tax bands
  45. 25Amount of tax chargeable
  46. 26Amount of tax chargeable: linked transactions
  47. 26AAdditional amount: transactions relating to second homes etc.
  48. Reliefs
  49. 27Reliefs
  50. Liability for tax
  51. 28Liability for tax
  52. Part 4: Returns and payment
  53. Chapter 1: Returns
  54. Duty to make return
  55. 29Duty to make return
  56. Notifiable transactions
  57. 30Notifiable transactions
  58. Adjustments and further returns
  59. 31Return where contingency ceases or consideration ascertained
  60. 32Contingency ceases or consideration ascertained: less tax payable
  61. 33Further return where relief withdrawn
  62. 34Return or further return in consequence of later linked transaction
  63. Returns: form and content etc.
  64. 35Form and content
  65. 36Declaration
  66. 37Amendment Repealed
  67. 37ACommunications from taxpayers to the Tax Authority
  68. Miscellaneous
  69. 38Interpretation
  70. 39Power to amend period in which returns must be made
  71. Chapter 2: Payment of tax
  72. 40Payment of tax
  73. 41Application to defer payment in case of contingent or uncertain consideration
  74. 42Regulations about applications under section 41
  75. Chapter 3: Registration of land transactions etc.
  76. 43Return to be made and tax paid before application for registration
  77. Part 5: Application of act to certain persons and bodies
  78. 44Companies and other organisations
  79. 45Unit trust schemes
  80. 46Open-ended investment companies
  81. 47Residential property holding companies
  82. 48Joint buyers
  83. 49Partnerships
  84. 50Trusts
  85. 51Persons acting in a representative capacity etc.
  86. Part 6: Application of Act to leases and licences
  87. Leases
  88. 52Application of this Act to leases
  89. Licences
  90. 53Application of this Act to licences
  91. Part 7: General and interpretation
  92. The Tax Authority
  93. 54The Tax Authority
  94. 55Delegation of functions to Keeper Repealed
  95. 56Review and appeal Repealed
  96. Linked transactions
  97. 57Linked transactions
  98. Connected persons
  99. 58Connected persons
  100. Interpretation
  101. 59Meaning of “residential property”
  102. 60Meaning of “major interest” in land
  103. 61Meaning of “subject-matter” and “main subject-matter”
  104. 62Meaning of “market value”
  105. 63Meaning of “effective date” of a transaction
  106. 64Meaning of “completion”
  107. 65General interpretation
  108. 66Index of defined expressions
  109. Part 8: Final provisions
  110. Ancillary provision
  111. 67Ancillary provision
  112. Subordinate legislation
  113. 68Subordinate legislation
  114. Crown application
  115. 69Crown application
  116. Commencement and short title
  117. 70Commencement
  118. 71Short title
  119. Schedule 1: Exempt transactions
  120. No chargeable consideration
  121. 1Paragraph 1
  122. Acquisitions by the Crown
  123. 2Paragraph 2
  124. Residential leases and licences
  125. 3Paragraph 3
  126. Transactions in connection with divorce etc.
  127. 4Paragraph 4
  128. Transactions in connection with dissolution of civil partnership etc.
  129. 5Paragraph 5
  130. Assents and appropriations by personal representatives
  131. 6Paragraph 6
  132. Variation of testamentary dispositions etc.
  133. 7Paragraph 7
  134. 7AParagraph 7A
  135. Power to add, vary or remove exemptions
  136. 8Paragraph 8
  137. Schedule 2: Chargeable consideration
  138. Money or money's worth
  139. 1Paragraph 1
  140. Value added tax
  141. 2Paragraph 2
  142. Postponed consideration
  143. 3Paragraph 3
  144. Just and reasonable apportionment
  145. 4Paragraph 4
  146. Exchanges
  147. 5Paragraph 5
  148. Partition etc.: disregard of existing interest
  149. 6Paragraph 6
  150. Valuation of non-monetary consideration
  151. 7Paragraph 7
  152. Debt as consideration
  153. 8Paragraph 8
  154. Cases where conditions for exemption not fully met
  155. 9Paragraph 9
  156. Conversion of amounts in foreign currency
  157. 10Paragraph 10
  158. Carrying out of works
  159. 11Paragraph 11
  160. Provision of services
  161. 12Paragraph 12
  162. Land transaction entered into by reason of employment
  163. 13Paragraph 13
  164. Indemnity given by buyer
  165. 14Paragraph 14
  166. Buyer bearing inheritance tax liability
  167. 15Paragraph 15
  168. Buyer bearing capital gains tax liability
  169. 16Paragraph 16
  170. Arrangements involving public or educational bodies
  171. 17Paragraph 17
  172. Schedule 2A: ADDITIONAL AMOUNT: TRANSACTIONS RELATING TO SECOND HOMES ETC.
  173. Part 1: OVERVIEW
  174. Overview
  175. 1Paragraph 1
  176. Part 2: TRANSACTIONS TO WHICH THIS SCHEDULE APPLIES
  177. Transactions relating to second homes etc.
  178. 2Paragraph 2
  179. Transactions where buyer is a non-individual etc.
  180. 3Paragraph 3
  181. Part 3: THE ADDITIONAL AMOUNT
  182. Additional amount
  183. 4Paragraph 4
  184. Part 4: CERTAIN TYPES OF BUYER
  185. Joint buyers
  186. 5Paragraph 5
  187. Spouses, civil partners, cohabitants and children
  188. 6Paragraph 6
  189. Trustees in certain trusts
  190. 7Paragraph 7
  191. Part 5: REPAYMENT OF AND RELIEF FROM THE ADDITIONAL AMOUNT
  192. Repayment of additional amount in certain cases
  193. 8Paragraph 8
  194. Repayment of additional amount: spouses, civil partners and cohabitants replacing main residence
  195. 8AParagraph 8A
  196. Repayment of additional amount: period for disposing of ownership of dwelling
  197. 8BParagraph 8B
  198. Relief for purchases of 6 or more dwellings
  199. 9Paragraph 9
  200. Relief for spouses, civil partners and cohabitants replacing main residence
  201. 9AParagraph 9A
  202. Relief for beneficiaries
  203. 9BParagraph 9B
  204. Relief for separated spouses and civil partners retaining interest in former main residence
  205. 9CParagraph 9C
  206. Relief: supplemental
  207. 10Paragraph 10
  208. Part 6: OWNERSHIP OF DWELLINGS
  209. What counts as a dwelling owned by a person?
  210. 11Paragraph 11
  211. Deemed ownership: cases where title is not yet registered etc.
  212. 12Paragraph 12
  213. Deemed ownership: beneficiaries under certain trusts
  214. 13Paragraph 13
  215. Dwellings owned by trustees or personal representatives
  216. 14Paragraph 14
  217. Deemed ownership: long leases
  218. 15Paragraph 15
  219. Deemed ownership: proper liferents
  220. 16Paragraph 16
  221. Deemed ownership: joint owners and owners of shares
  222. 17Paragraph 17
  223. Dwellings outside Scotland: what counts as “ownership”
  224. 18Paragraph 18
  225. Part 7: GENERAL PROVISION
  226. Power of Scottish Ministers to modify schedule
  227. 19Paragraph 19
  228. Interpretation
  229. 20Paragraph 20
  230. Schedule 3: Sale and leaseback relief
  231. The relief
  232. 1Paragraph 1
  233. Sale and leaseback arrangements
  234. 2Paragraph 2
  235. Qualifying conditions
  236. 3Paragraph 3
  237. Interpretation
  238. 4Paragraph 4
  239. Schedule 4: Relief for certain acquisitions of residential property
  240. Part 1: Introductory
  241. Overview of reliefs
  242. 1Paragraph 1
  243. Part 2: Acquisition by house-building company from individual acquiring new dwelling
  244. Full relief
  245. 2Paragraph 2
  246. Partial relief
  247. 3Paragraph 3
  248. Qualifying conditions
  249. 4Paragraph 4
  250. Part 3: Acquisition by property trader from individual acquiring new dwelling
  251. Full relief
  252. 5Paragraph 5
  253. Partial relief
  254. 6Paragraph 6
  255. Qualifying conditions
  256. 7Paragraph 7
  257. 8Paragraph 8
  258. Part 4: Acquisition by property trader from individual where chain of transactions breaks down
  259. Full relief
  260. 9Paragraph 9
  261. Partial relief
  262. 10Paragraph 10
  263. Qualifying conditions
  264. 11Paragraph 11
  265. 12Paragraph 12
  266. Part 5: Withdrawal of relief
  267. Introductory
  268. 13Paragraph 13
  269. Relief under Part 3
  270. 14Paragraph 14
  271. 15Paragraph 15
  272. Relief under Part 4
  273. 16Paragraph 16
  274. 17Paragraph 17
  275. Part 6: Interpretation
  276. Meaning of “dwelling” and “new dwelling”
  277. 18Paragraph 18
  278. 19Paragraph 19
  279. Meaning of “permitted area”
  280. 20Paragraph 20
  281. 21Paragraph 21
  282. Meaning of “acquisition” and “market value” in relation to dwelling and permitted area
  283. 22Paragraph 22
  284. Meaning of “house-building company”
  285. 23Paragraph 23
  286. 24Paragraph 24
  287. Meaning of “property trader” and “principal”
  288. 25Paragraph 25
  289. 26Paragraph 26
  290. Additional amount: transactions relating to second homes etc.
  291. 26AParagraph 26A
  292. Meaning of “refurbishment” and “the permitted amount”
  293. 27Paragraph 27
  294. 28Paragraph 28
  295. Schedule 4A: First-time buyer relief
  296. 1Eligibility for relief
  297. 2Meaning of first-time buyer
  298. 3Relief from the tax
  299. 4Eligibility for relief: alternative finance arrangements
  300. 5Deemed ownership: beneficiaries under certain trusts
  301. 6Dwellings owned by trustees or personal representatives
  302. 7Interpretation
  303. Schedule 5: Multiple dwellings relief
  304. Part 1: Introductory
  305. Overview of relief
  306. 1Paragraph 1
  307. Part 2: Transactions to which this schedule applies
  308. The rule
  309. 2Paragraph 2
  310. 3Paragraph 3
  311. Single transaction relating to multiple dwellings
  312. 4Paragraph 4
  313. Linked transactions relating to multiple dwellings
  314. 5Paragraph 5
  315. Excluded transactions
  316. 6Paragraph 6
  317. Part 3: Key terms
  318. Consideration attributable to dwellings and remaining property
  319. 7Paragraph 7
  320. Dwellings
  321. 8Paragraph 8
  322. Interest in a dwelling
  323. 9Paragraph 9
  324. Part 4: The relief
  325. Calculation of relief
  326. 10Paragraph 10
  327. 10AParagraph 10A
  328. 11Paragraph 11
  329. 12Paragraph 12
  330. Tax due in relation to a dwelling
  331. 13Paragraph 13
  332. Tax due in relation to remaining property
  333. 14Paragraph 14
  334. General
  335. 15Paragraph 15
  336. Part 5: Withdrawal of relief
  337. Full withdrawal of relief
  338. 16Paragraph 16
  339. 17Paragraph 17
  340. Partial withdrawal of relief
  341. 18Paragraph 18
  342. 19Paragraph 19
  343. 20Paragraph 20
  344. Relevant period
  345. 21Paragraph 21
  346. 22Paragraph 22
  347. Interpretation
  348. 23Paragraph 23
  349. Part 6: What counts as a dwelling
  350. 24Paragraph 24
  351. 25Paragraph 25
  352. 26Paragraph 26
  353. 27Paragraph 27
  354. 28Paragraph 28
  355. 29Paragraph 29
  356. 30Paragraph 30
  357. Schedule 6: Relief for certain acquisitions by registered social landlords
  358. The relief
  359. 1Paragraph 1
  360. The qualifying conditions
  361. 2Paragraph 2
  362. Landlord controlled by tenants
  363. 3Paragraph 3
  364. 4Paragraph 4
  365. Schedule 6A: RELIEF FOR CERTAIN ACQUISITIONS BY LOCAL AUTHORITIES
  366. The relief
  367. 1Paragraph 1
  368. The qualifying conditions
  369. 2Paragraph 2
  370. Schedule 7: Alternative property finance relief
  371. Part 1: Introductory
  372. Overview
  373. 1Paragraph 1
  374. Part 2: Alternative property finance: arrangements relieved
  375. Land sold to financial institution and leased to person
  376. 2Paragraph 2
  377. 3Paragraph 3
  378. 4Paragraph 4
  379. 5Paragraph 5
  380. 6Paragraph 6
  381. Land sold to financial institution and person in common
  382. 7Paragraph 7
  383. 8Paragraph 8
  384. 9Paragraph 9
  385. 10Paragraph 10
  386. 11Paragraph 11
  387. 12Paragraph 12
  388. Land sold to financial institution and re-sold to person
  389. 13Paragraph 13
  390. 14Paragraph 14
  391. 15Paragraph 15
  392. Part 3: Alternative property finance: arrangements not relieved
  393. No relief where first transaction already relieved
  394. 16Paragraph 16
  395. No relief where arrangements to transfer control of financial institution
  396. 17Paragraph 17
  397. 18Paragraph 18
  398. 19Paragraph 19
  399. 20Paragraph 20
  400. Part 4: Exempt interest
  401. Interest held by financial institution an exempt interest
  402. 21Paragraph 21
  403. 22Paragraph 22
  404. 23Paragraph 23
  405. 24Paragraph 24
  406. Part 5: Interpretation
  407. Interpretation
  408. 25Paragraph 25
  409. 26Paragraph 26
  410. Schedule 8: Relief for alternative finance investment bonds
  411. Part 1: Overview and interpretation
  412. Overview of relief
  413. 1Paragraph 1
  414. Meaning of “alternative finance investment bond”
  415. 2Paragraph 2
  416. Interpretation
  417. 3Paragraph 3
  418. Part 2: Issue, transfer and redemption of rights under bond not to be treated as chargeable transaction
  419. The relief
  420. 4Paragraph 4
  421. Relief not available where bond-holder acquires control of underlying asset
  422. 5Paragraph 5
  423. 6Paragraph 6
  424. Part 3: General conditions for operation of reliefs etc.
  425. Introduction
  426. 7Paragraph 7
  427. Condition A
  428. 8Paragraph 8
  429. Condition B
  430. 9Paragraph 9
  431. Condition C
  432. 10Paragraph 10
  433. Condition D
  434. 11Paragraph 11
  435. Condition E
  436. 12Paragraph 12
  437. Condition F
  438. 13Paragraph 13
  439. Condition G
  440. 14Paragraph 14
  441. Part 4: Relief for certain transactions
  442. The relief: first transaction
  443. 15Paragraph 15
  444. Withdrawal of relief
  445. 16Paragraph 16
  446. Amount of tax chargeable where relief withdrawn
  447. 17Paragraph 17
  448. 18Paragraph 18
  449. Relief from land and buildings transaction tax: second transaction
  450. 19Paragraph 19
  451. Discharge of security when conditions for relief met
  452. 20Paragraph 20
  453. Part 5: Supplementary
  454. Substitution of asset
  455. 21Paragraph 21
  456. 22Paragraph 22
  457. Tax Authority to register discharge of security
  458. 23Paragraph 23
  459. Relief not available where bond-holder acquires control of underlying asset
  460. 24Paragraph 24
  461. 25Paragraph 25
  462. Relief not available if purpose of arrangements is improper
  463. 26Paragraph 26
  464. Schedule 9: Crofting community right to buy relief
  465. The relief
  466. 1The relief
  467. Interpretation
  468. 4Paragraph 4
  469. Schedule 10: Group relief
  470. Part 1: Introductory
  471. Overview
  472. 1Paragraph 1
  473. Part 2: The relief
  474. The relief
  475. 2Paragraph 2
  476. Restrictions on availability of relief
  477. 3Paragraph 3
  478. 4Paragraph 4
  479. 5Paragraph 5
  480. 6Paragraph 6
  481. 7Paragraph 7
  482. 8Paragraph 8
  483. Arrangements that do not restrict availability of relief
  484. 9Paragraph 9
  485. 10Paragraph 10
  486. 10AParagraph 10A
  487. Interpretation
  488. 11Paragraph 11
  489. Part 3: Withdrawal of relief
  490. Overview
  491. 12Paragraph 12
  492. Withdrawal of relief
  493. 13Paragraph 13
  494. 14Paragraph 14
  495. 15Paragraph 15
  496. 15AParagraph 15A
  497. Amount of tax chargeable where relief withdrawn
  498. 16Paragraph 16
  499. 17Paragraph 17
  500. Amount of tax chargeable where relief partially withdrawn
  501. 18Paragraph 18
  502. 19Paragraph 19
  503. Case where relief not withdrawn: winding up
  504. 20Paragraph 20
  505. Cases where relief not withdrawn: stamp duty reliefs
  506. 21Paragraph 21
  507. 22Paragraph 22
  508. 23Paragraph 23
  509. 24Paragraph 24
  510. 25Paragraph 25
  511. Case where relief not withdrawn: seller leaves group
  512. 26Paragraph 26
  513. 27Paragraph 27
  514. 28Paragraph 28
  515. 29Paragraph 29
  516. 30Paragraph 30
  517. 31Paragraph 31
  518. Withdrawal of relief in certain cases involving successive transactions
  519. 32Paragraph 32
  520. 33Paragraph 33
  521. 34Paragraph 34
  522. 35Paragraph 35
  523. 36Paragraph 36
  524. 37Paragraph 37
  525. 38Paragraph 38
  526. 39Paragraph 39
  527. 40Paragraph 40
  528. Interpretation
  529. 41Paragraph 41
  530. 42Paragraph 42
  531. Part 3A: Recovery of relief
  532. 42ARecovery of relief
  533. 42BParagraph 42B
  534. 42CParagraph 42C
  535. 42DParagraph 42D
  536. 42ERecovery of relief: supplementary
  537. 42FParagraph 42F
  538. 42GParagraph 42G
  539. 42HParagraph 42H
  540. 42IParagraph 42I
  541. 42JParagraph 42J
  542. 42KParagraph 42K
  543. Part 4: Interpretation
  544. When are companies members of the same group?
  545. 43Paragraph 43
  546. When is a company a subsidiary of another company?
  547. 44Paragraph 44
  548. 45Paragraph 45
  549. 46Paragraph 46
  550. 47Paragraph 47
  551. 48Paragraph 48
  552. Other definitions
  553. 49Paragraph 49
  554. Schedule 10A: Sub-sale development relief
  555. Part 1: Introductory
  556. Overview of relief
  557. 1Paragraph 1
  558. Part 2: The relief
  559. General
  560. 2Paragraph 2
  561. Qualifying sub-sale
  562. 3Paragraph 3
  563. Qualifying conditions
  564. 4Paragraph 4
  565. Subject-matter
  566. 5Paragraph 5
  567. 6Paragraph 6
  568. Significant development
  569. 7Paragraph 7
  570. 8Paragraph 8
  571. Full relief
  572. 9Paragraph 9
  573. Partial relief
  574. 10Paragraph 10
  575. Claiming the relief
  576. 11Paragraph 11
  577. 12Paragraph 12
  578. Part 3: Withdrawal of relief
  579. Full withdrawal of relief
  580. 13Paragraph 13
  581. 14Paragraph 14
  582. Partial withdrawal of relief
  583. 15Paragraph 15
  584. Part 4: Supplementary
  585. Disapplication of section 14
  586. 16Paragraph 16
  587. Qualifying sub-sale: consideration
  588. 17Paragraph 17
  589. Schedule 11: Reconstruction relief and acquisition relief
  590. Part 1: Introductory
  591. Overview
  592. 1Paragraph 1
  593. Part 2: Reconstruction relief
  594. The relief
  595. 2Paragraph 2
  596. Qualifying conditions
  597. 3Paragraph 3
  598. 4Paragraph 4
  599. 5Paragraph 5
  600. Part 3: Acquisition relief
  601. The relief
  602. 6Paragraph 6
  603. Qualifying conditions
  604. 7Paragraph 7
  605. 8Paragraph 8
  606. Interpretation
  607. 9Paragraph 9
  608. 10Paragraph 10
  609. Part 4: Withdrawal of relief
  610. Overview
  611. 11Paragraph 11
  612. Withdrawal of relief
  613. 12Paragraph 12
  614. 13Paragraph 13
  615. 14Paragraph 14
  616. Case where relief not withdrawn: change of control of acquiring company as result of transaction connected to divorce etc.
  617. 15Paragraph 15
  618. 16Paragraph 16
  619. Case where relief not withdrawn: exempt intra-group transfer
  620. 17Paragraph 17
  621. 18Paragraph 18
  622. Case where relief not withdrawn: share acquisition relief
  623. 19Paragraph 19
  624. 20Paragraph 20
  625. Case where relief not withdrawn: controlling loan creditor
  626. 21Paragraph 21
  627. Withdrawal of relief on subsequent non-exempt transfer
  628. 22Paragraph 22
  629. 23Paragraph 23
  630. 24Paragraph 24
  631. Withdrawal of relief where share acquisition relief applied but control of company subsequently changes
  632. 25Paragraph 25
  633. 26Paragraph 26
  634. 27Paragraph 27
  635. 28Paragraph 28
  636. Amount of tax chargeable where relief withdrawn
  637. 29Paragraph 29
  638. 30Paragraph 30
  639. Amount of tax chargeable where relief partially withdrawn
  640. 31Paragraph 31
  641. 32Paragraph 32
  642. Interpretation
  643. 33Paragraph 33
  644. 34Paragraph 34
  645. 35Paragraph 35
  646. Part 4A: Recovery of relief
  647. 35ARecovery of relief
  648. 35BParagraph 35B
  649. 35CParagraph 35C
  650. 35DParagraph 35D
  651. 35ERecovery of relief: supplementary
  652. 35FParagraph 35F
  653. 35GParagraph 35G
  654. 35HParagraph 35H
  655. 35IParagraph 35I
  656. 35JParagraph 35J
  657. 35KParagraph 35K
  658. Part 5: Interpretation
  659. When are companies members of the same group?
  660. 36Paragraph 36
  661. When is a company a subsidiary of another company?
  662. 37Paragraph 37
  663. 38Paragraph 38
  664. 39Paragraph 39
  665. 40Paragraph 40
  666. 41Paragraph 41
  667. Other definitions
  668. 42Paragraph 42
  669. Schedule 12: Relief for incorporation of limited liability partnership
  670. The relief
  671. 1Paragraph 1
  672. The qualifying conditions
  673. 2Paragraph 2
  674. Interpretation
  675. 3Paragraph 3
  676. Schedule 13: Charities relief
  677. The relief
  678. 1Paragraph 1
  679. Qualifying conditions
  680. 2Paragraph 2
  681. Qualifying charitable purposes
  682. 3Paragraph 3
  683. Withdrawal of relief
  684. 4Paragraph 4
  685. 5Paragraph 5
  686. 6Paragraph 6
  687. 7Paragraph 7
  688. 8Paragraph 8
  689. 9Paragraph 9
  690. 10Paragraph 10
  691. 11Paragraph 11
  692. Charitable trusts
  693. 12Paragraph 12
  694. 13Paragraph 13
  695. 14Paragraph 14
  696. Interpretation
  697. 15Paragraph 15
  698. 16Paragraph 16
  699. 17Paragraph 17
  700. Schedule 13A: ( introduced by section 27 )
  702. 1The relief
  703. 2Interpretation
  704. Schedule 13B: (introduced by section 27)
  706. 1The relief
  707. 2Interpretation
  708. Schedule 14: Relief for certain compulsory purchases
  709. The relief
  710. 1Paragraph 1
  711. Qualifying condition
  712. 2Paragraph 2
  713. Interpretation
  714. 3Paragraph 3
  715. Schedule 15: Relief for compliance with planning obligations
  716. The relief
  717. 1Paragraph 1
  718. The qualifying conditions
  719. 2Paragraph 2
  720. “Planning obligation” and “modification”
  721. 3Paragraph 3
  722. 4Paragraph 4
  723. Public authorities
  724. 5Paragraph 5
  725. Schedule 16: Public bodies relief
  726. The relief
  727. 1Paragraph 1
  728. 2Paragraph 2
  729. Meaning of “reorganisation”
  730. 3Paragraph 3
  731. Public bodies
  732. 4Paragraph 4
  733. 5Paragraph 5
  734. 6Paragraph 6
  735. Schedule 16A: VISITING FORCES AND INTERNATIONAL MILITARY HEADQUARTERS RELIEFS
  736. The relief
  737. 1Paragraph 1
  738. 2Paragraph 2
  739. 3Paragraph 3
  740. Schedule 16B: RELIEF FOR PROPERTY ACCEPTED IN SATISFACTION OF TAX
  741. The relief
  742. 1Paragraph 1
  743. Schedule 16C: LIGHTHOUSES RELIEF
  744. The relief
  745. 1Paragraph 1
  746. 2Paragraph 2
  747. Schedule 16D (introduced by section 27): Green Freeports Relief
  748. Part 1: Introductory
  749. 1Overview
  750. Part 2: The relief
  751. 2Full relief
  752. 3Partial relief
  753. 4Attributing chargeable consideration to land
  754. Part 3: Key terms
  755. 5Transaction land
  756. 6Qualifying green freeport land
  757. 7Use of land in a qualifying manner
  758. Part 4: Withdrawal of relief
  759. 8Withdrawal of relief
  760. 9The control period
  761. 10Disposal of interest in part of qualifying green freeport land during control period
  762. Part 5: Alternative finance arrangements
  763. 11Cases involving alternative finance arrangements
  764. Schedule 16E: Investment Zones Relief
  765. Part 1: Introductory
  766. 1Overview
  767. Part 2: The relief
  768. 2Full relief
  769. 3Partial relief
  770. 4Attributing chargeable consideration to land
  771. Part 3: Key terms
  772. 5Transaction land
  773. 6Qualifying investment zone land
  774. 7Use of land in a qualifying manner
  775. Part 4: Withdrawal of relief
  776. 8Withdrawal of relief
  777. 9The control period
  778. 10Disposal of interest in part of qualifying investment zone land during control period
  779. Part 5: Alternative finance arrangements
  780. 11Cases involving alternative finance arrangements
  781. Schedule 17: Partnerships
  782. Part 1: Overview
  783. Overview
  784. 1Paragraph 1
  785. Part 2: General provisions
  786. Meaning of “partnership”
  787. 2Paragraph 2
  788. Chargeable interests treated as being held by partners etc.
  789. 3Paragraph 3
  790. Acquisition of interest in partnership not chargeable except as specially provided
  791. 4Paragraph 4
  792. Continuity of partnership
  793. 5Paragraph 5
  794. Partnership not to be regarded as unit trust scheme etc.
  795. 6Paragraph 6
  796. Part 3: Ordinary partnership transactions
  797. Introduction
  798. 7Paragraph 7
  799. Responsibility of partners
  800. 8Paragraph 8
  801. Representative partners
  802. 9Paragraph 9
  803. Joint and several liability of responsible partners
  804. 10Paragraph 10
  805. Part 4: Transactions involving transfer to a partnership
  806. Overview of Part
  807. 11Paragraph 11
  808. Circumstances in which this Part applies
  809. 12Paragraph 12
  810. Calculation of chargeable consideration etc.
  811. 13Paragraph 13
  812. Sum of the lower proportions
  813. 14Paragraph 14
  814. Relevant owner
  815. 15Paragraph 15
  816. Corresponding partner
  817. 16Paragraph 16
  818. Transfer of partnership interest pursuant to earlier arrangements
  819. 17Paragraph 17
  820. Withdrawal of money etc. from partnership after transfer of chargeable interest
  821. 18Paragraph 18
  822. Part 5: Transactions involving transfer from a partnership
  823. Overview of Part
  824. 19Paragraph 19
  825. Circumstances in which Part applies
  826. 20Paragraph 20
  827. Calculation of chargeable consideration
  828. 21Paragraph 21
  829. Sum of the lower proportions
  830. 22Paragraph 22
  831. Relevant owner
  832. 23Paragraph 23
  833. Corresponding partner
  834. 24Paragraph 24
  835. Partnership share attributable to partner
  836. 25Paragraph 25
  837. 26Paragraph 26
  838. Transfer of chargeable interest from a partnership to a partnership
  839. 27Paragraph 27
  840. Transfer of chargeable interest from a partnership consisting wholly of bodies corporate
  841. 28Paragraph 28
  842. Part 6: Application of Parts 3 to 5 to leases
  843. Application of Parts 3 to 5 to leases
  844. 29Paragraph 29
  845. Part 7: Property investment partnerships
  846. Overview of Part
  847. 30Paragraph 30
  848. Meaning of “property investment partnership”
  849. 31Paragraph 31
  850. Transfer of interest in partnership treated as land transaction
  851. 32Paragraph 32
  852. Exclusion of market rent leases
  853. 33Paragraph 33
  854. Partnership interests: application of provisions about exchanges etc.
  855. 34Paragraph 34
  856. Election by property-investment partnership to disapply Part 4
  857. 35Paragraph 35
  858. Part 8: Application of provisions on exemptions, reliefs and notification
  859. Overview of Part
  860. 36Paragraph 36
  861. Application of exemptions and reliefs: general
  862. 37Paragraph 37
  863. Application of group relief
  864. 38Paragraph 38
  865. 39Paragraph 39
  866. Application of charities relief
  867. 40Paragraph 40
  868. Notification of transfers of partnership interests
  869. 41Paragraph 41
  870. Part 9: Interpretation
  871. Introduction
  872. 42Paragraph 42
  873. Partnership property
  874. 43Paragraph 43
  875. Partnership share
  876. 44Paragraph 44
  877. Transfer of chargeable interest
  878. 45Paragraph 45
  879. Transfer of chargeable interest to a partnership
  880. 46Paragraph 46
  881. Transfer of chargeable interest from a partnership
  882. 47Paragraph 47
  883. Transfer of interest in a partnership
  884. 48Paragraph 48
  885. Connected persons
  886. 49Paragraph 49
  887. Arrangements
  888. 50Paragraph 50
  889. Schedule 18: Trusts
  890. Part 1: Overview
  891. Overview
  892. 1Paragraph 1
  893. Part 2: Treatment of trusts and beneficiaries generally
  894. Interests of beneficiaries under certain trusts
  895. 2Paragraph 2
  896. 3Paragraph 3
  897. 4Paragraph 4
  898. Part 3: Transactions involving bare trusts
  899. Acquisition of chargeable interest by bare trustee
  900. 5Paragraph 5
  901. 6Paragraph 6
  902. 7Paragraph 7
  903. Grant of lease to bare trustee
  904. 8Paragraph 8
  905. Grant of lease by bare trustee
  906. 9Paragraph 9
  907. Part 4: Transactions involving settlements
  908. Acquisition by trustees of settlements
  909. 10Paragraph 10
  910. Consideration for exercise of power of appointment or discretion
  911. 11Paragraph 11
  912. 12Paragraph 12
  913. Reallocation of trust property as between beneficiaries
  914. 13Paragraph 13
  915. 14Paragraph 14
  916. Part 5: Settlements: payment of tax and returns
  917. Liability to pay the tax
  918. 15Paragraph 15
  919. Liability to make returns
  920. 16Paragraph 16
  921. Duty to make declaration
  922. 17Paragraph 17
  923. Responsible trustees
  924. 18Paragraph 18
  925. Part 6: Interpretation
  926. Meaning of “bare trust”
  927. 19Paragraph 19
  928. Meaning of “absolutely entitled”
  929. 20Paragraph 20
  930. Meaning of “settlement”
  931. 21Paragraph 21
  932. Schedule 19: Leases
  933. Part 1: Introductory
  934. Overview
  935. 1Paragraph 1
  936. Calculation of tax chargeable where chargeable consideration includes rent
  937. 2Paragraph 2
  938. Part 2: Amount of tax chargeable: rent
  939. Tax rates and tax bands
  940. 3Paragraph 3
  941. Amount of tax chargeable in respect of rent
  942. 4Paragraph 4
  943. Amount of tax chargeable in respect of rent: linked transactions
  944. 5Paragraph 5
  945. Net present value
  946. 6Paragraph 6
  947. Temporal discount rate
  948. 7Paragraph 7
  949. Part 3: Amount of tax chargeable: consideration other than rent
  950. Amount of tax chargeable in respect of consideration other than rent: general
  951. 8Paragraph 8
  952. Amount of tax chargeable in respect of consideration other than rent: nil rate tax band
  953. 9Paragraph 9
  954. Part 4: Review of tax chargeable
  955. Regular review of tax chargeable
  956. 10Paragraph 10
  957. Review of tax chargeable on certain events
  958. 11Paragraph 11
  959. Part 5: Chargeable consideration: rent and consideration other than rent
  960. Rent
  961. 12Paragraph 12
  962. Variable or uncertain rent
  963. 13Paragraph 13
  964. Reverse premium
  965. 14Paragraph 14
  966. Tenant's obligations etc. that do not count as chargeable consideration
  967. 15Paragraph 15
  968. Assignation of lease: assumption of obligations by assignee
  969. 16Paragraph 16
  970. Loan or deposit in connection with grant or assignation of lease
  971. 17Paragraph 17
  972. Renunciation of existing lease in return for new lease
  973. 18Paragraph 18
  974. Part 6: Other provision about leases
  975. Meaning of lease for a fixed term
  976. 19Paragraph 19
  977. Leases that continue after a fixed term
  978. 20Paragraph 20
  979. Leases that continue after a fixed term: grant of new lease
  980. 21Paragraph 21
  981. Treatment of leases for indefinite term
  982. 22Paragraph 22
  983. Treatment of successive linked leases
  984. 23Paragraph 23
  985. Rent for overlap period in case of grant of further lease
  986. 24Paragraph 24
  987. Agreement for lease substantially performed etc.
  988. 25Paragraph 25
  989. Missives of let followed by execution of formal lease
  990. 26Paragraph 26
  991. Cases where assignation of lease treated as grant of lease
  992. 27Paragraph 27
  993. Assignation of lease: responsibility of assignee for returns etc.
  994. 28Paragraph 28
  995. Reduction of rent or term or other variation of lease
  996. 29Paragraph 29
  997. Increase of rent or term: notification
  998. 30Paragraph 30
  999. Schedule 20Index of defined expressions