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


A sale and leaseback arrangement is an arrangement under which—
(a) a person (A) transfers or grants to another person (B) a major interest in land (the “sale”), and
(b) out of that interest B grants a lease to A (the “leaseback”).

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Source: https://www.legislation.gov.uk/asp/2013/11/schedule/3/paragraph/2 (the official version)
Page: https://openlegislation.uk/land-and-buildings-transaction-tax-scotland-act-2013/schedule-3/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.