Land and Buildings Transaction Tax (Scotland) Act 2013 Schedule 10 paragraph 1

Introduction and overview of group relief schedule

Schedule 10, paragraph 1 introduces and outlines the structure of the schedule that provides relief from LBTT for certain land transactions involving companies.

• Schedule 10 provides relief from LBTT for certain property transactions involving companies, commonly known as group relief.
• Part 2 of the schedule sets out the circumstances in which relief is available.
• Part 3 explains when relief that has been claimed may be withdrawn, and Part 3A covers how tax is recovered when relief is withdrawn.
• Part 4 contains definitions of key terms used throughout the schedule.