Land and Buildings Transaction Tax (Scotland) Act 2013 section Schedule 10A

Sub-sale development relief: introduction and structure

Schedule 10A paragraph 1 introduces the relief available for land transactions that involve certain sub-sales, and sets out how the schedule is organised.

• This schedule provides a specific tax relief for certain land transactions that involve sub-sales — where a property is sold on before the original purchase is completed.
• Part 2 of the schedule defines the relief itself, along with the key terms and expressions used throughout.
• Part 3 sets out the circumstances in which the relief can be withdrawn after it has been claimed.
• Part 4 deals with supplementary matters related to the operation of the relief.