Land and Buildings Transaction Tax (Scotland) Act 2013 Schedule 5 paragraph 3

Relevant transactions for multiple dwellings relief

Schedule 5, paragraph 3 defines what counts as a "relevant transaction" for the purposes of multiple dwellings relief.

• A relevant transaction is one that qualifies for multiple dwellings relief under this schedule.
• The transaction must not be a lease (as leases are dealt with separately under Schedule 19).
• The transaction must fall within the rules set out in paragraph 4 (a single transaction involving multiple dwellings) or paragraph 5 (linked transactions involving multiple dwellings).
• The transaction must not be of a type that is specifically excluded under paragraph 6.