Land and Buildings Transaction Tax (Scotland) Act 2013 section Sch 16D para 2

Full relief

Section Sch 16D paragraph 2 sets out the conditions under which a land transaction qualifies for full relief from Land and Buildings Transaction Tax (LBTT) in connection with green freeport land.

• Full LBTT relief is available where at least 90% of the chargeable consideration relates to qualifying green freeport land.
• The transaction must have an effective date falling between 1 October 2023 and 30 September 2028 inclusive.
• Where both conditions are met, the transaction is completely exempt from LBTT — no tax is due.
• If less than 90% of the consideration is attributable to qualifying green freeport land, full relief does not apply (though partial relief may be available under other provisions).