Land and Buildings Transaction Tax (Scotland) Act 2013 Schedule 13 paragraph 8

Where relief is withdrawn, the amount of tax chargeable

Paragraph 8 of Schedule 13 establishes the amount of tax that becomes due when a previously granted relief is withdrawn.

• When a relief from LBTT is withdrawn, the full tax liability is reinstated
• The tax chargeable is the amount that would have been due on the original transaction had no relief been claimed
• This means the taxpayer receives no residual benefit from the relief once it is withdrawn
• The calculation looks back to the original transaction and applies the standard tax rules as if no relief had ever existed