Land and Buildings Transaction Tax (Scotland) Act 2013 section Sch 5 para 12

Minimum prescribed amount for multiple dwellings relief

Schedule 5, paragraph 12 defines how the minimum prescribed amount is calculated for the purposes of multiple dwellings relief, based on a proportion set by Scottish Ministers.

• The minimum prescribed amount is determined by a proportion set by Scottish Ministers through a statutory order.
• The calculation uses two key figures: the total tax that would otherwise be due on the transaction (TT) and the tax due on any remaining (non-dwelling) property (RT).
• The prescribed proportion is applied to the difference between the total tax and the remaining property tax, effectively isolating the dwelling element of the transaction for relief purposes.
• Scottish Ministers have the power to vary the prescribed proportion by order, allowing the relief to be adjusted over time without primary legislation.