Land and Buildings Transaction Tax (Scotland) Act 2013 section 33

Schedule 10 paragraph 33 – First condition: change in control of the buyer

Paragraph 33 of Schedule 10 establishes the first condition that must be met in certain circumstances, which is that there has been a change in control of the buyer.

• This paragraph sets out the first of a series of conditions relevant to particular provisions in Schedule 10.
• The condition requires that a change in control of the buyer has taken place.
• A change in control typically means that a different person or group has gained the ability to direct the affairs of the buying entity.
• This condition would be relevant where the buyer is a body such as a company or partnership, rather than an individual.

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