Land and Buildings Transaction Tax (Scotland) Act 2013 section Sch 13 para 14

References to the buyer in the context of charitable trusts

Schedule 13, paragraph 14 explains how references to the "buyer" elsewhere in the schedule should be read when the transaction involves a charitable trust.

• When a charitable trust is the buyer, various references to the "buyer" in other parts of Schedule 13 are redirected to the trust's beneficiaries or unit holders.
• For the conditions relating to charities relief (paragraph 3(a) and (b)), references to the buyer are read as references to the beneficiaries or unit holders, or any of them.
• For the withdrawal of relief provisions (paragraph 5(a)), the reference to the buyer is read as a reference to any of the beneficiaries or unit holders.
• For the rule about charitable purposes (paragraph 6), the reference to the buyer's charitable purposes is read as the charitable purposes of the beneficiaries or unit holders, or any of them.