Land and Buildings Transaction Tax (Scotland) Act 2013 section Schedule 10A paragraph 7

Interpretation: "development" and "significant development"

Schedule 10A paragraph 7 defines two key terms — "development" and "significant development" — used throughout the schedule for the purposes of sub-sale development relief.

• "Development" means the construction of buildings such as educational, sports, leisure, residential, retail, office or industrial buildings on the land that is the subject of the qualifying sub-sale.
• Agricultural buildings, mining or engineering works (other than wind farms), and plant and machinery are expressly excluded from the definition of development.
• Redevelopment of existing buildings counts as development, but only where the scale or cost of the redevelopment work is comparable to constructing new buildings of that type.
• "Significant development" means development that is significant when assessed against factors including the nature, extent and market value of the land involved in the qualifying sub-sale.