Land and Buildings Transaction Tax (Scotland) Act 2013 section Sch 4 para 23

Definition of a house-building company

Schedule 4, paragraph 23 defines what is meant by a "house-building company" for the purposes of the relief provisions in Schedule 4.

• A house-building company is a company whose business involves constructing or adapting buildings for residential use.
• The definition covers both the construction of entirely new buildings and the adaptation of existing buildings or parts of buildings.
• The end use of the buildings or parts of buildings must be as dwellings — the definition does not extend to companies building commercial or other non-residential property.
• This definition is relevant when determining eligibility for certain LBTT reliefs available to house-building companies under Schedule 4.