Land and Buildings Transaction Tax (Scotland) Act 2013 Schedule 6 paragraph 1

Exemption for registered social landlords

Schedule 6 paragraph 1 provides that land transactions involving registered social landlords as buyers are exempt from LBTT where qualifying conditions are satisfied.

• A land transaction where the buyer is a registered social landlord may be fully exempt from LBTT
• The exemption applies only if one or more qualifying conditions are met
• This is a complete exemption from the tax charge, not merely a relief or reduction
• The provision was amended by the Land and Buildings Transaction Tax (Addition and Modification of Reliefs) (Scotland) Order 2015