Land and Buildings Transaction Tax (Scotland) Act 2013 Schedule 10 paragraph 49

Definitions used in Schedule 10

Paragraph 49 of Schedule 10 provides definitions for key terms used throughout the schedule dealing with group relief, reconstruction relief and acquisition relief.

• The term "arrangements" is given a deliberately wide meaning for the purposes of Schedule 10.
• Arrangements include any scheme, agreement or understanding, even if not legally enforceable.
• The term "company" is defined as a body corporate.
• These definitions apply wherever the terms are used throughout Schedule 10.