Land and Buildings Transaction Tax (Scotland) Act 2013 Schedule 10A paragraph 17

Chargeable consideration where sub-sale development relief applies

Paragraph 17 of Schedule 10A sets out how the chargeable consideration is calculated when sub-sale development relief has been granted.

• When sub-sale development relief applies, the chargeable consideration is made up of two components added together.
• The first component is the portion of the original transaction's consideration that relates to the property being sub-sold, but only to the extent it is paid (directly or indirectly) by the second buyer or a person connected with the second buyer.
• The second component is the consideration given for the qualifying sub-sale itself.
• Both elements must be included when determining the total amount on which LBTT is charged on the qualifying sub-sale.