Paragraph 3 Partial reliefF1

(1)

This paragraph applies to a land transaction if—

(a)

the proportion of the chargeable consideration for the transaction that is attributable to qualifying investment zone land (“the relevant proportion”) is less than 90% but at least 10%, and

(b)

the effective date of the transaction is within the period beginning on 26 February 2026 and ending on 25 February 2031.

(2)

The tax chargeable in respect of the transaction is reduced by the relevant proportion.

Annotations

Textual amendments

F1: Sch. 16E inserted (26.2.2026) by The Land and Buildings Transaction Tax (Investment Zones Relief) (Scotland) Order 2026 (S.S.I. 2026/110), art. 1(1), sch.