Land and Buildings Transaction Tax (Scotland) Act 2013 Schedule 6 paragraph 2

Qualifying conditions for registered social landlord relief

Schedule 6, paragraph 2 sets out the three qualifying conditions that must all be met for a registered social landlord to claim relief from Land and Buildings Transaction Tax on the purchase of property.

• The registered social landlord must be controlled by its tenants.
• The seller must be another registered social landlord, the Scottish Ministers, or a local authority.
• The transaction must be funded with the help of a grant or financial assistance from either the National Lottery (via distributing bodies) or the Scottish Ministers under housing legislation.
• All three conditions must be satisfied together for the LBTT relief to apply.