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

Exemption for land transactions between public bodies during statutory reorganisations

Schedule 16 paragraph 1 provides an exemption from LBTT for land transactions between public bodies that take place as part of a reorganisation carried out under legislation.

• Land transactions between public bodies may be fully exempt from LBTT
• The exemption applies where the transaction occurs on, in consequence of, or in connection with a statutory reorganisation
• The reorganisation must be one that is effected by or under an enactment (i.e. legislation)
• Both the buyer and the seller must be public bodies for the exemption to apply