Land and Buildings Transaction Tax (Scotland) Act 2013 section 35K

Meaning of "Revenue Scotland assessment"

Section 35K of Schedule 11 clarifies the meaning of the term "Revenue Scotland assessment" as used in the provisions relating to recovery of reconstruction and acquisition relief.

• The term "Revenue Scotland assessment" is used in paragraph 35H, which deals with the effect of a notice to recover relief
• The definition is not created within the LBTT Act itself but is imported from a separate piece of legislation
• The meaning is taken from section 100 of the Revenue Scotland and Tax Powers Act 2014, which is the main statute governing Revenue Scotland's administrative and enforcement powers
• A Revenue Scotland assessment is, in essence, a formal determination by Revenue Scotland of the amount of tax it considers to be due from a taxpayer