# Land and Buildings Transaction Tax (Scotland) Act 2013, Paragraph 16


Relief under Part 4 of this schedule (acquisition by property trader from individual where chain of transactions breaks down) is withdrawn if the property trader—
(a) spends more than the permitted amount on refurbishment of the old dwelling,
(b) grants a lease or licence of the old dwelling, or
(c) permits any of its principals or employees (or any person connected with any of its principals or employees) to occupy the old dwelling.

---
Source: https://www.legislation.gov.uk/asp/2013/11/schedule/4/paragraph/16 (the official version)
Page: https://openlegislation.uk/land-and-buildings-transaction-tax-scotland-act-2013/schedule-4/paragraph-16
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.