Land and Buildings Transaction Tax (Scotland) Act 2013 Schedule 2 paragraph 1

Chargeable consideration

Schedule 2, paragraph 1 defines what constitutes the chargeable consideration for a land and buildings transaction for the purposes of calculating LBTT.

• The chargeable consideration is any consideration given for the subject matter of the transaction, whether in money or money's worth.
• Consideration counts whether it is given directly or indirectly.
• Consideration given by either the buyer or a person connected with the buyer is included.
• This is the general rule, but other provisions in the Act may modify or override it in specific circumstances.