Land and Buildings Transaction Tax (Scotland) Act 2013 Schedule 11 paragraph 18

Cross-reference to withdrawal of relief on subsequent non-exempt transfer

Paragraph 18 alerts the reader that reconstruction or acquisition relief may be withdrawn if there is a later non-exempt transfer, as set out in paragraphs 22 to 24.

• Reconstruction or acquisition relief is not necessarily permanent once granted.
• Paragraphs 22 to 24 of Schedule 11 set out circumstances in which relief can be clawed back.
• The trigger for withdrawal is a subsequent transfer that does not itself qualify for an exemption.
• If relief is withdrawn, the original LBTT becomes payable as if the relief had never been claimed.