Land and Buildings Transaction Tax (Scotland) Act 2013 Schedule 17 paragraph 2

Definition of "partnership"

Schedule 17 paragraph 2 defines what the term "partnership" means for the purposes of the Land and Buildings Transaction Tax (LBTT).

• The definition covers ordinary partnerships formed under the Partnership Act 1890.
• It includes limited partnerships registered under the Limited Partnerships Act 1907.
• Limited liability partnerships (LLPs) formed under the relevant UK or Northern Ireland legislation are also included.
• The definition extends to equivalent foreign entities formed under the law of any country or territory outside the United Kingdom.