# Land and Buildings Transaction Tax (Scotland) Act 2013, Paragraph 41


(1) A transaction which is a chargeable transaction by virtue of paragraph 17 or 32 (transfer of partnership interest) is a notifiable transaction if (but only if) the consideration for the transaction exceeds the nil rate tax band.
(2) The consideration for a transaction exceeds the nil rate tax band if—
(a) the chargeable consideration, or
(b) where the transaction is one of a number of linked transactions, the total of the chargeable consideration for all the linked transactions,
exceeds the nil rate tax band applicable to the transaction.

---
Source: https://www.legislation.gov.uk/asp/2013/11/schedule/17/paragraph/41 (the official version)
Page: https://openlegislation.uk/land-and-buildings-transaction-tax-scotland-act-2013/schedule-17/paragraph-41
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.