Land and Buildings Transaction Tax (Scotland) Act 2013 Schedule 8 paragraph 17

Where relief is withdrawn, the amount of tax chargeable is determined in accordance with paragraph 18

Paragraph 17 of Schedule 8 establishes that when a group relief, reconstruction relief or acquisition relief is withdrawn, the amount of tax that becomes due is calculated using the rules set out in paragraph 18.

• When a previously claimed relief is withdrawn, tax becomes chargeable on the transaction.
• The amount of tax due is not left to discretion but must be calculated in accordance with a specific formula.
• The calculation method is set out in paragraph 18 of Schedule 8.
• This paragraph acts as the link between the withdrawal of relief and the mechanism for determining the resulting tax liability.