Paragraph 9 The control periodF1

(1)

In this schedule, the “control period”, in relation to a land transaction, means the shorter of—

(a)

the period of three years beginning with the effective date of that transaction, and

(b)

the period beginning with the effective date of that transaction and ending with the effective date of the final transaction.

(2)

For the purposes of this paragraph, a land transaction is the “final transaction” if, immediately after the effective date of the transaction, neither the buyer nor a connected person holds a chargeable interest in the qualifying investment zone land (whether as a result of that transaction alone or as a result of that transaction and other land transactions).

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.