Land and Buildings Transaction Tax (Scotland) Act 2013 section Schedule 10 paragraph 9

Arrangements for share acquisitions linked to group membership

Schedule 10 paragraph 9 identifies a specific type of share acquisition arrangement that brings the buyer of land into the same corporate group as the company acquiring the shares, where stamp duty acquisition relief under UK legislation applies.

• This paragraph applies where a company (the "acquiring company") enters into arrangements to acquire shares in another company
• The share acquisition must be one to which section 75 of the Finance Act 1986 (stamp duty acquisition relief) applies
• The conditions for relief under that section must be met
• As a result of the arrangements, the buyer in the land transaction must end up as a member of the same group as the acquiring company