# Land and Buildings Transaction Tax (Scotland) Act 2013, Paragraph 19


In this schedule, a “bare trust”—
(a) is a trust under which the property is held by a person as trustee—
(i) for a person who is absolutely entitled as against the trustee, or who would be so entitled but for being under a legal disability by reason of non-age or under another disability, or
(ii) for two or more persons who are or would be jointly so entitled, and
(b) includes a case in which a person holds property as a nominee for another.

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Source: https://www.legislation.gov.uk/asp/2013/11/schedule/18/paragraph/19 (the official version)
Page: https://openlegislation.uk/land-and-buildings-transaction-tax-scotland-act-2013/schedule-18/paragraph-19
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.