# Land and Buildings Transaction Tax (Scotland) Act 2013, Paragraph 13


Paragraphs 14 and 15 apply where arrangements are entered into between a person and a financial institution under which—
(a) the institution—
(i) purchases a major interest in land (“the first transaction”), and
(ii) sells that interest to the person (“the second transaction”), and
(b) the person grants the institution a standard security over that interest.

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Source: https://www.legislation.gov.uk/asp/2013/11/schedule/7/paragraph/13 (the official version)
Page: https://openlegislation.uk/land-and-buildings-transaction-tax-scotland-act-2013/schedule-7/paragraph-13
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.