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

Buyer and seller

Section 7 defines who counts as the buyer and the seller in a land transaction for the purposes of LBTT.

  • The buyer is the person who acquires the subject-matter of the land transaction.
  • A person is only treated as the buyer if they have provided consideration for the transaction or are a party to it.
  • The seller is the person who disposes of the subject-matter of the transaction.
  • These definitions determine who bears the responsibility for LBTT obligations arising from the transaction.

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