Land and Buildings Transaction Tax (Scotland) Act 2013 section Sch 2 para 3

No discount for postponed consideration

Schedule 2 paragraph 3 establishes that the chargeable consideration for a land transaction must not be reduced to reflect the fact that payment is deferred or spread over time.

• The full amount or value of the chargeable consideration is used for LBTT purposes, regardless of when it is actually received.
• No discount or reduction is permitted to reflect the time value of money where payment is postponed.
• This applies whether the whole consideration or only part of it is subject to deferred payment.
• The rule ensures that structuring payment timings cannot be used to reduce the taxable consideration for LBTT.