Land and Buildings Transaction Tax (Scotland) Act 2013 section Schedule 13 paragraph 12

Charitable trusts and the charities relief schedule

Schedule 13 paragraphs 12 and 13 extend the charities relief provisions so that they also apply to charitable trusts, and define what a charitable trust means for these purposes.

• All of the charities relief rules in Schedule 13 apply equally to charitable trusts as they do to individual charities.
• A charitable trust is defined as a trust where every single beneficiary is itself a charity.
• A unit trust scheme where all unit holders are charities also qualifies as a charitable trust.
• This means that a trust or unit trust scheme with even one non-charitable beneficiary or unit holder would not qualify for the relief under these provisions.