# Land and Buildings Transaction Tax (Scotland) Act 2013, Paragraph 12

Extent: S

The minimum prescribed amount is such proportion as may be prescribed by the Scottish Ministers by order of—
TT − RTwhere—
TT is the amount of tax that would be due in respect of the transaction but for this schedule, and
RT is the tax due in relation to remaining property.

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Source: https://www.legislation.gov.uk/asp/2013/11/schedule/5/paragraph/12 (the official version)
Page: https://openlegislation.uk/land-and-buildings-transaction-tax-scotland-act-2013/schedule-5/paragraph-12
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.