Land and Buildings Transaction Tax (Scotland) Act 2013 Schedule 4 paragraph 17

Short lease or licence exception to the employment-related accommodation exclusion

Paragraph 17 of Schedule 4 provides an exception for short-term leases or licences granted to an individual, ensuring that certain brief arrangements are not caught by the rule in paragraph 16(b) that would otherwise exclude them from the connected company purchase provisions.

• This paragraph creates a carve-out from the rule in paragraph 16(b) of Schedule 4.
• It applies where a lease or licence is granted directly to the individual concerned.
• The lease or licence must be for a period of no more than six months.
• Where this exception applies, paragraph 16(b) does not operate to disapply the connected company provisions.