# Land and Buildings Transaction Tax (Scotland) Act 2013, Paragraph 2


Paragraphs 3 and 4 apply where property is held in trust—
(a) under the law of Scotland, or
(b) under the law of a country or territory outwith the United Kingdom,
on terms such that, if the trust had effect under the law of England and Wales, a beneficiary would be regarded as having an equitable interest in the trust property.

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Source: https://www.legislation.gov.uk/asp/2013/11/schedule/18/paragraph/2 (the official version)
Page: https://openlegislation.uk/land-and-buildings-transaction-tax-scotland-act-2013/schedule-18/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.