Land and Buildings Transaction Tax (Scotland) Act 2013 section Schedule 11 paragraph 11

Structure of Part 4 – withdrawal of relief

Schedule 11 paragraph 11 provides a roadmap to Part 4 of Schedule 11, explaining how the provisions on withdrawal of reconstruction relief and acquisition relief are organised.

• Paragraphs 12 to 14 set out the circumstances in which reconstruction relief or acquisition relief is withdrawn or partially withdrawn.
• Paragraphs 15 to 21 describe specific situations where, despite the withdrawal rules in paragraphs 12 to 14, relief is preserved and not withdrawn.
• Paragraphs 22 to 28 deal with cases where relief that was initially preserved (under the exempt intra-group transfer rule in paragraph 17 or the share acquisition relief rule in paragraph 19) is nevertheless withdrawn because of certain later events.
• Paragraphs 29 to 32 explain how to calculate the amount of LBTT that becomes chargeable when relief is withdrawn in full or in part.