Land and Buildings Transaction Tax (Scotland) Act 2013 section Schedule 6 paragraph 4

Definition of "board member" for registered social landlords

Schedule 6 paragraph 4 defines who counts as a "board member" of a registered social landlord for the purposes of the LBTT relief provisions, depending on the type of organisation the landlord is.

• The definition of "board member" varies according to the legal structure of the registered social landlord.
• For a company, a board member means a director; for a member-managed body corporate, it means a member.
• For a body of trustees, a board member means a trustee.
• For any other type of registered social landlord, a board member means a member of the committee of management or equivalent governing body.