Land and Buildings Transaction Tax (Scotland) Act 2013 Schedule 2A paragraph 1

Introduction and overview of the Additional Dwelling Supplement

Schedule 2A paragraph 1 introduces the Additional Dwelling Supplement (ADS) and provides an overview of how the schedule is structured across its various parts.

• The schedule establishes an additional amount of LBTT chargeable on certain property transactions, commonly known as the Additional Dwelling Supplement
• The schedule identifies which transactions attract the supplement, sets out how the additional tax is calculated, and deals with different types of buyer
• Provisions exist for repayment of or relief from the additional tax in specified circumstances
• Special rules define what counts as ownership of a dwelling for these purposes, and the Scottish Ministers have powers to modify the schedule