# Land and Buildings Transaction Tax (Scotland) Act 2013, Paragraph 21


(1) The chargeable consideration for the land transfer is (subject to paragraph 28) taken to be equal to—
MV × ( 100 - SLP ) %where—
MV is the market value of the interest transferred, and
SLP is the sum of the lower proportions determined in accordance with paragraph 22.
(2) This paragraph does not apply if the whole or part of the chargeable consideration for the transaction is rent (see paragraph 29 (application of Parts 3 to 5 to leases)).

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Source: https://www.legislation.gov.uk/asp/2013/11/schedule/17/paragraph/21 (the official version)
Page: https://openlegislation.uk/land-and-buildings-transaction-tax-scotland-act-2013/schedule-17/paragraph-21
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.