Land and Buildings Transaction Tax (Scotland) Act 2013 Schedule 7 paragraph 26

Interpretation provisions for Schedule 7

Schedule 7, paragraph 26 provides key definitions and interpretation rules that apply throughout the schedule dealing with group relief, reconstruction relief and acquisition relief.

• The term "arrangements" is defined very broadly and is not limited to formal legal agreements
• Arrangements can include any agreement, understanding, scheme, transaction or series of transactions
• Arrangements need not be legally enforceable to fall within the definition
• References to a person throughout the schedule include that person's personal representatives after the person's death