# Land and Buildings Transaction Tax (Scotland) Act 2013, Paragraph 11


Paragraph 12 applies where a chargeable interest is acquired by virtue of—
(a) the exercise of a power of appointment, or
(b) the exercise of a discretion vested in trustees of a settlement.

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Source: https://www.legislation.gov.uk/asp/2013/11/schedule/18/paragraph/11 (the official version)
Page: https://openlegislation.uk/land-and-buildings-transaction-tax-scotland-act-2013/schedule-18/paragraph-11
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.