Land and Buildings Transaction Tax (Scotland) Act 2013 Schedule 4 paragraph 26

Connected companies and property traders

Schedule 4 paragraph 26 explains how the actions of companies connected with a property trader are attributed to that property trader for the purposes of the relief provisions in Schedule 4, and introduces the additional dwelling supplement under Schedule 2A.

• Any action carried out by or in relation to a company connected with a property trader is treated as if it were done by or in relation to the property trader itself.
• References to principals or employees of a property trader extend to include the principals or employees of any connected company.
• This attribution rule ensures that property traders cannot use connected company structures to circumvent the conditions for relief under Schedule 4.
• An additional amount of LBTT (the additional dwelling supplement) may also be chargeable under Schedule 2A in respect of certain transactions relating to second homes and additional dwellings.