Land and Buildings Transaction Tax (Scotland) Act 2013 Schedule 5 paragraph 2

Application of Schedule 5

Schedule 5 paragraph 2 confirms that the provisions of Schedule 5 apply to relevant transactions.

• Schedule 5 sets out rules that apply specifically to relevant transactions
• A relevant transaction is one that falls within the criteria defined elsewhere in the Act
• The paragraph establishes the scope of Schedule 5 by linking it to relevant transactions
• If a transaction is not a relevant transaction, the provisions of Schedule 5 do not apply to it