Land and Buildings Transaction Tax (Scotland) Act 2013 Schedule 16C paragraph 1

Lighthouse transactions exemption

Schedule 16C paragraph 1 provides an exemption from LBTT for land transactions connected with lighthouse operations carried out under the authority of the Secretary of State.

• Land transactions for lighthouse purposes are fully exempt from LBTT
• The exemption applies where the transaction is entered into by or under the direction of the Secretary of State
• The transaction must be for the purposes of carrying into effect lighthouse provisions under Part 8 of the Merchant Shipping Act 1995
• This relief was introduced by the Land and Buildings Transaction Tax (Addition and Modification of Reliefs) (Scotland) Order 2015