Land and Buildings Transaction Tax (Scotland) Act 2013 section Sch 17 para 11

Arrangement of Part 4 of Schedule 17

Schedule 17, paragraph 11 provides a brief guide to how Part 4 of Schedule 17 (which deals with transfers of property interests to partnerships) is organised.

• Part 4 of Schedule 17 covers situations where a chargeable interest in land is transferred to a partnership.
• Paragraphs 12 to 16 set out the rules for how such transfers are treated for LBTT purposes, including how the tax charge is calculated.
• Paragraphs 17 and 18 deal with events that happen after the initial transfer to the partnership, which may themselves trigger an LBTT charge.
• These post-transfer events — such as changes in partnership interests or withdrawals of funds — are treated as if they were separate land transactions in their own right.