Land and Buildings Transaction Tax (Scotland) Act 2013 Schedule 8 para 1

Relief for alternative finance investment bonds

Schedule 8 paragraph 1 introduces the schedule dealing with LBTT relief for certain land transactions connected to alternative finance investment bonds, and explains how the schedule is structured.

• The schedule provides LBTT relief for certain land transactions linked to alternative finance investment bonds
• Certain events relating to a bond may be treated as not chargeable to LBTT, subject to exceptions
• Relief is subject to general conditions being met, and can be withdrawn in specified circumstances
• Supplementary provisions set out situations where the reliefs are not available