Paragraph 18 I1

Scotland

Relief under this schedule is partially withdrawn in relation to a relevant transaction if—

(a)

an event occurs in the relevant period, and

(b)

had the event occurred immediately before the F1effective date of the transaction—

(i)

the transaction would have been a relevant transaction, but

(ii)

more tax would have been payable in respect of the transaction.

Annotations

F1: Word in Sch. 5 para. 18(b) substituted (7.11.2014) by Revenue Scotland and Tax Powers Act 2014 (asp 16) , s. 260(2) , Sch. 4 para. 9(19) (with ss. 257-259 ); S.S.I. 2014/278 , art. 2 , Sch.