# Land and Buildings Transaction Tax (Scotland) Act 2013, Paragraph 7


Except as otherwise expressly provided, the value of any chargeable consideration for a land transaction, other than—
(a) money (whether in sterling or another currency), or
(b) debt as defined for the purposes of paragraph 8 (debt as consideration),
is to be taken to be its market value at the effective date of the transaction.

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Source: https://www.legislation.gov.uk/asp/2013/11/schedule/2/paragraph/7 (the official version)
Page: https://openlegislation.uk/land-and-buildings-transaction-tax-scotland-act-2013/schedule-2/paragraph-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.