Paragraph 6 I1I2
(1)
This paragraph applies where—
(a)
a land transaction is entered into for the purposes of or in connection with the transfer of an undertaking or part of an undertaking, and
(b)
the qualifying conditions are met.
(2)
The tax chargeable in respect of the transaction is the prescribed proportion of the tax that would otherwise be chargeable but for this paragraph.
(3)
The prescribed proportion is such proportion as may be prescribed by the Scottish Ministers by order.
Annotations
Commencement
- I1
Sch. 11 para. 6 in force at 7.11.2014 for specified purposes by S.S.I. 2014/279 , art. 2 , Sch.
- I2
Sch. 11 para. 6 in force at 1.4.2015 in so far as not already in force by S.S.I. 2015/108 , art. 2