Land and Buildings Transaction Tax (Scotland) Act 2013 section Schedule 17 paragraph 7

Scope of Part 3 of Schedule 17 – partnership land transactions

Paragraph 7 of Schedule 17 sets out which land transactions involving partnerships fall within the scope of Part 3 of that schedule.

• Part 3 of Schedule 17 applies to land transactions where a partnership is the buyer.
• The transaction must be entered into by or on behalf of the members of the partnership.
• Transactions that are already covered by Parts 4 to 7 of Schedule 17 are excluded from Part 3.
• This paragraph acts as a gateway provision, determining which set of partnership rules applies to a given transaction.