Land and Buildings Transaction Tax (Scotland) Act 2013 section Schedule 4 paragraph 10

Where qualifying conditions (a) to (g) but not (h) are met

Paragraph 10 of Schedule 4 sets out how the chargeable consideration is calculated when a transaction meets most of the qualifying conditions but fails the condition relating to the permitted area.

• This rule applies where qualifying conditions (a) to (g) are satisfied but condition (h) is not met
• The chargeable consideration is not taken at face value but is instead calculated using a specific formula
• The calculation involves deducting the market value of the permitted area from the market value of the old dwelling
• The resulting figure after deduction becomes the chargeable consideration for the acquisition