Land and Buildings Transaction Tax (Scotland) Act 2013 section 1

The tax

Section 1 establishes the land and buildings transaction tax (LBTT) as a charge on land transactions in Scotland and sets out the broad circumstances in which it applies.

• A tax known as land and buildings transaction tax (LBTT) is charged on land transactions in Scotland.
• The tax applies regardless of whether there is a formal document (such as a deed or contract) effecting the transaction.
• Even where such a document exists, LBTT is chargeable whether or not the document was executed in Scotland and whether or not any party to the transaction is present or resident in Scotland.
• The Tax Authority (Revenue Scotland) is responsible for collecting and managing LBTT.