Land and Buildings Transaction Tax (Scotland) Act 2013 section Schedule 2 paragraph 12

Consideration consisting of services

Schedule 2 paragraph 12 explains how to value the consideration for a land transaction when that consideration takes the form of services rather than money.

• Where all or part of the price paid for a land transaction consists of providing services, those services must be valued at their open market rate.
• The open market rate is the amount you would have to pay on the open market to obtain the same services.
• This rule does not apply to construction or building works, which are covered separately under paragraph 11 of the schedule.
• A special exception exists for arrangements involving public or educational bodies, which are dealt with under paragraph 17 of the schedule.