Land and Buildings Transaction Tax (Scotland) Act 2013 section Schedule 11 paragraph 29

Where relief is withdrawn, the amount of tax chargeable

Paragraph 29 of Schedule 11 establishes that when a group relief, reconstruction relief or acquisition relief is withdrawn, the amount of tax that becomes chargeable is calculated according to the rules set out in paragraph 30.

• This paragraph applies where a previously claimed relief under Schedule 11 is withdrawn
• When relief is withdrawn, LBTT becomes chargeable on the transaction that originally benefited from the relief
• The method for calculating the amount of tax due is not set out here but is contained in the next paragraph, paragraph 30
• This paragraph acts as a signpost, linking the withdrawal of relief to the specific computational rules that follow