Land and Buildings Transaction Tax (Scotland) Act 2013 section 3

Land transaction

Section 3 defines what constitutes a land transaction for the purposes of LBTT.

  • A land transaction occurs when someone acquires a chargeable interest
  • A chargeable interest includes ownership of land or buildings, leases, and other rights over land in Scotland
  • The acquisition of such an interest is the trigger point for a potential LBTT charge
  • Without an acquisition of a chargeable interest, there is no land transaction and therefore no LBTT liability

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