Land and Buildings Transaction Tax (Scotland) Act 2013 section Schedule 4 paragraph 13

Withdrawal of relief

Schedule 4 paragraph 13 establishes the general principle that relief granted under Schedule 4 can be withdrawn in certain circumstances, and sets out the tax consequences when that happens.

• Relief granted under Schedule 4 may be withdrawn in specified circumstances
• When relief is withdrawn, the transaction is effectively treated as if the relief had never been given
• The full amount of LBTT that would originally have been due becomes chargeable
• This paragraph sets the framework; the specific circumstances triggering withdrawal are defined elsewhere in the schedule