Land and Buildings Transaction Tax (Scotland) Act 2013 section Sch 10A para 13

Withdrawal of sub-sale development relief where no development occurs

Schedule 10A paragraph 13 provides that sub-sale development relief is withdrawn if no development takes place within the required time period.

• Sub-sale development relief is not permanent — it is conditional on development actually being carried out
• The development must relate to the land or buildings that were the subject of the qualifying sub-sale transaction
• There is a defined time limit (the "relevant period") within which development must commence or be completed
• If no development occurs within that relevant period, the relief is withdrawn and the full LBTT becomes payable