# Land and Buildings Transaction Tax (Scotland) Act 2013, Paragraph 8


Where the consideration for the acquisition consists partly of the issue of non-redeemable shares as mentioned in qualifying condition (b), that condition is met only if the rest of the consideration consists wholly of—
(a) cash not exceeding 10% of the nominal value of the non-redeemable shares so issued,
(b) the assumption or discharge by the acquiring company of liabilities of the target company, or
(c) both of those things.

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Source: https://www.legislation.gov.uk/asp/2013/11/schedule/11/paragraph/8 (the official version)
Page: https://openlegislation.uk/land-and-buildings-transaction-tax-scotland-act-2013/schedule-11/paragraph-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.