Land and Buildings Transaction Tax (Scotland) Act 2013 section 50

Definition of "arrangements"

Schedule 17, paragraph 50 provides a broad definition of the term "arrangements" as used throughout the provisions relating to partnerships and LBTT.

• The term "arrangements" is given a deliberately wide meaning for the purposes of the partnership provisions.
• It covers any scheme, agreement or understanding between parties.
• It applies regardless of whether the arrangement is formally documented or informal.
• It applies regardless of whether the arrangement is legally enforceable or not.