Paragraph 6 Qualifying investment zone landF1

(1)

For the purposes of this schedule, transaction land is “qualifying investment zone land” to the extent that, on the effective date of the transaction—

(a)

it is situated in an investment zone tax site, and

(b)

the buyer intends it to be used exclusively in a qualifying manner.

(2)

In this schedule, “investment zone tax site” means an area in Scotland which—

(a)

is within an area which is identified as an investment zone in a document published by, or with the consent of, the Treasury for the purposes of section 113 of the Finance Act 2021 (and not withdrawn), and

(b)

has been designated by regulations made under that section.

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.