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

Responsible trustees

Paragraph 18 of Schedule 18 identifies which trustees are responsible for LBTT obligations in relation to a land transaction involving a settlement.

• The "responsible trustees" are those who bear the LBTT obligations arising from a land transaction carried out by or on behalf of a settlement.
• Any person who is a trustee at the effective date of the transaction is a responsible trustee.
• Any person who becomes a trustee after the effective date is also a responsible trustee.
• This means that liability extends not only to the original trustees but also to anyone who joins the trust at a later stage.