Land and Buildings Transaction Tax (Scotland) Act 2013 Schedule 10A paragraph 14

Tax chargeable on withdrawal of relief

Schedule 10A paragraph 14 establishes the amount of tax that becomes due when a sub-sale development relief is withdrawn from the first land transaction.

• When sub-sale development relief is withdrawn, tax becomes chargeable on the first land transaction.
• The amount of tax due is the full amount that would have been payable had the relief never been claimed.
• In effect, withdrawal of the relief places the buyer back in the position as if no relief had ever applied.
• There is no partial recalculation or discount — the original tax liability is restored in full.