Skip to main content
Taxworld Logo
  • Membership
  • Tax Guide 2025–26 All Tax Guides Finance Act 2025 All Finance Acts See all publications →
  • Tax Planning for Non-Doms: Ireland 2024 See all events →
  • Blog Legislation
  • About Tax World Ireland 🇮🇪
Log in Get Started
Get Started
Taxworld Logo
Membership
Publications
Tax Guide 2025–26 All Tax Guides Finance Act 2025 All Finance Acts See all publications
Events
Tax Planning for Non-Doms: Ireland 2024 See all events
Resources
Blog Legislation
Company
About Tax World Ireland 🇮🇪
Log in Get Started

Land and Buildings Transaction Tax (Scotland) Act 2013

▸ PART 1 Land and buildings transaction tax
  • Section 1 – The tax
  • Section 2 – Overview
▸ PART 2 Key concepts
  • ▸ CHAPTER 1 Land transactions and chargeable interests
    • Land transaction
    • Chargeable interest
    • Acquisition and disposal of chargeable interest
  • ▸ CHAPTER 2 Provision about particular transactions
    • General rules for contracts requiring conveyance
    • Contract providing for conveyance to third party
    • Options etc.
    • Exchanges
    • Interpretation
  • ▸ CHAPTER 3 Chargeable transactions and chargeable consideration
    • Chargeable transaction
    • Chargeable consideration
    • Contingent, uncertain or unascertained consideration
    • Annuities etc.
    • Deemed market value
▸ PART 3 Calculation of tax and reliefs
  • ▸ Amount of tax chargeable
    • Section 24 – Tax rates and tax bands
    • Section 25 – Amount of tax chargeable
    • Section 26 – Amount of tax chargeable: linked transactions
    • Section 26A – Additional amount: transactions relating to second homes etc.
  • ▸ Reliefs
    • Section 27 – Reliefs
  • ▸ Liability for tax
    • Section 28 – Liability for tax
▸ PART 4 Returns and payment
  • ▸ CHAPTER 1 Returns
    • Duty to make return
    • Notifiable transactions
    • Adjustments and further returns
    • Returns: form and content etc.
    • Miscellaneous
  • ▸ CHAPTER 2 Payment of tax
    • Section 40 – Payment of tax
    • Section 41 – Application to defer payment in case of contingent or uncertain consideration
    • Section 42 – Regulations about applications under section 41
  • ▸ CHAPTER 3 Registration of land transactions etc.
    • Section 43 – Return to be made and tax paid before application for registration
▸ PART 5 Application of act to certain persons and bodies
  • Section 44 – Companies and other organisations
  • Section 45 – Unit trust schemes
  • Section 46 – Open-ended investment companies
  • Section 47 – Residential property holding companies
  • Section 48 – Joint buyers
  • Section 49 – Partnerships
  • Section 50 – Trusts
  • Section 51 – Persons acting in a representative capacity etc.
▸ PART 6 Application of Act to leases and licences
  • ▸ Leases
    • Section 52 – Application of this Act to leases
  • ▸ Licences
    • Section 53 – Application of this Act to licences
▸ PART 7 General and interpretation
  • ▸ The Tax Authority
    • Section 54 – The Tax Authority
    • Section 55 – Delegation of functions to Keeper
    • Section 56 – Review and appeal
  • ▸ Linked transactions
    • Section 57 – Linked transactions
  • ▸ Connected persons
    • Section 58 – Connected persons
  • ▸ Interpretation
    • Section 59 – Meaning of “residential property”
    • Section 60 – Meaning of “major interest” in land
    • Section 61 – Meaning of “subject-matter” and “main subject-matter”
    • Section 62 – Meaning of “market value”
    • Section 63 – Meaning of “effective date” of a transaction
    • Section 64 – Meaning of “completion”
    • Section 65 – General interpretation
    • Section 66 – Index of defined expressions
▸ PART 8 Final provisions
  • ▸ Ancillary provision
    • Section 67 – Ancillary provision
  • ▸ Subordinate legislation
    • Section 68 – Subordinate legislation
  • ▸ Crown application
    • Section 69 – Crown application
  • ▸ Commencement and short title
    • Section 70 – Commencement
    • Section 71 – Short title
▸ SCHEDULE 1 Exempt transactions
  • ▸ No chargeable consideration
    • 1. A land transaction is an exempt transaction if there is...
  • ▸ Acquisitions by the Crown
    • 2. A land transaction under which the buyer is any of...
  • ▸ Residential leases and licences
    • 3.(1) The grant, assignation or renunciation of—
  • ▸ Transactions in connection with divorce etc.
    • 4. A transaction between one party to a marriage and the...
  • ▸ Transactions in connection with dissolution of civil partnership etc.
    • 5. A transaction between one party to a civil partnership and...
  • ▸ Assents and appropriations by personal representatives
    • 6.(1) The acquisition of property by a person in or...
  • ▸ Variation of testamentary dispositions etc.
    • 7.(1) A transaction following a person's death that varies a...
  • ▸ Power to add, vary or remove exemptions
    • 8. The Scottish Ministers may, by regulations, modify this schedule so...
▸ SCHEDULE 2 Chargeable consideration
  • ▸ Money or money's worth
    • 1. The chargeable consideration for a transaction is, except as otherwise...
  • ▸ Value added tax
    • 2. The chargeable consideration for a transaction includes any value added...
  • ▸ Postponed consideration
    • 3. The amount or value of the chargeable consideration for a...
  • ▸ Just and reasonable apportionment
    • 4.(1) For the purposes of this Act consideration attributable—
  • ▸ Exchanges
    • 5.(1) This paragraph applies to determine the chargeable consideration where...
  • ▸ Partition etc.: disregard of existing interest
    • 6. In the case of a land transaction giving effect to...
  • ▸ Valuation of non-monetary consideration
    • 7. Except as otherwise expressly provided, the value of any chargeable...
  • ▸ Debt as consideration
    • 8.(1) Where the chargeable consideration for a land transaction consists...
  • ▸ Cases where conditions for exemption not fully met
    • 9.(1) Where a land transaction would be an exempt transaction...
  • ▸ Conversion of amounts in foreign currency
    • 10.(1) References in this Act to the amount or value...
  • ▸ Carrying out of works
    • 11.(1) Where the whole or part of the consideration for...
  • ▸ Provision of services
    • 12.(1) Where the whole or part of the consideration for...
  • ▸ Land transaction entered into by reason of employment
    • 13. Where a land transaction is entered into by reason of...
  • ▸ Indemnity given by buyer
    • 14.Where the buyer agrees to indemnify the seller in respect...
  • ▸ Buyer bearing inheritance tax liability
    • 15. Where— (a) there is a land transaction that is—
  • ▸ Buyer bearing capital gains tax liability
    • 16.(1) Where— (a) there is a land transaction under which...
  • ▸ Arrangements involving public or educational bodies
    • 17.(1) This paragraph applies in any case where arrangements are...
▸ SCHEDULE 2A ADDITIONAL AMOUNT: TRANSACTIONS RELATING TO SECOND HOMES ETC.
  • ▸ PART 1 OVERVIEW
    • Overview
  • ▸ PART 2 TRANSACTIONS TO WHICH THIS SCHEDULE APPLIES
    • Transactions relating to second homes etc.
    • Transactions where buyer is a non-individual etc.
  • ▸ PART 3 THE ADDITIONAL AMOUNT
    • Additional amount
  • ▸ PART 4 CERTAIN TYPES OF BUYER
    • Joint buyers
    • Spouses, civil partners, cohabitants and children
    • Trustees in certain trusts
  • ▸ PART 5 REPAYMENT OF AND RELIEF FROM THE ADDITIONAL AMOUNT
    • Repayment of additional amount in certain cases
    • Repayment of additional amount: spouses, civil partners and cohabitants replacing main residence
    • Repayment of additional amount: period for disposing of ownership of dwelling
    • Relief for purchases of 6 or more dwellings
    • Relief for spouses, civil partners and cohabitants replacing main residence
    • Relief for beneficiaries
    • Relief for separated spouses and civil partners retaining interest in former main residence
    • Relief: supplemental
  • ▸ PART 6 OWNERSHIP OF DWELLINGS
    • What counts as a dwelling owned by a person?
    • Deemed ownership: cases where title is not yet registered etc.
    • Deemed ownership: beneficiaries under certain trusts
    • Dwellings owned by trustees or personal representatives
    • Deemed ownership: long leases
    • Deemed ownership: proper liferents
    • Deemed ownership: joint owners and owners of shares
    • Dwellings outside Scotland: what counts as “ownership”
  • ▸ PART 7 GENERAL PROVISION
    • Power of Scottish Ministers to modify schedule
    • Interpretation
▸ SCHEDULE 3 Sale and leaseback relief
  • ▸ The relief
    • 1. The leaseback element of a sale and leaseback arrangement is...
  • ▸ Sale and leaseback arrangements
    • 2. A sale and leaseback arrangement is an arrangement under which—...
  • ▸ Qualifying conditions
    • 3. The qualifying conditions are— (a) that the sale transaction is...
  • ▸ Interpretation
    • 4. In this schedule, “debt” has the same meaning as in...
▸ SCHEDULE 4 Relief for certain acquisitions of residential property
  • ▸ PART 1 Introductory
    • Overview of reliefs
  • ▸ PART 2 Acquisition by house-building company from individual acquiring new dwelling
    • Full relief
    • Partial relief
    • Qualifying conditions
  • ▸ PART 3 Acquisition by property trader from individual acquiring new dwelling
    • Full relief
    • Partial relief
    • Qualifying conditions
  • ▸ PART 4 Acquisition by property trader from individual where chain of transactions breaks down
    • Full relief
    • Partial relief
    • Qualifying conditions
  • ▸ PART 5 Withdrawal of relief
    • Introductory
    • Relief under Part 3
    • Relief under Part 4
  • ▸ PART 6 Interpretation
    • Meaning of “dwelling” and “new dwelling”
    • Meaning of “permitted area”
    • Meaning of “acquisition” and “market value” in relation to dwelling and permitted area
    • Meaning of “house-building company”
    • Meaning of “property trader” and “principal”
    • Additional amount: transactions relating to second homes etc.
    • Meaning of “refurbishment” and “the permitted amount”
▸ SCHEDULE 4A First-time buyer relief
  • 1. Eligibility for relief
  • 2. Meaning of first-time buyer
  • 3. Relief from the tax
  • 4. Eligibility for relief: alternative finance arrangements
  • 5. Deemed ownership: beneficiaries under certain trusts
  • 6. Dwellings owned by trustees or personal representatives
  • 7. Interpretation
▸ SCHEDULE 5 Multiple dwellings relief
  • ▸ PART 1 Introductory
    • Overview of relief
  • ▸ PART 2 Transactions to which this schedule applies
    • The rule
    • Single transaction relating to multiple dwellings
    • Linked transactions relating to multiple dwellings
    • Excluded transactions
  • ▸ PART 3 Key terms
    • Consideration attributable to dwellings and remaining property
    • Dwellings
    • Interest in a dwelling
  • ▸ PART 4 The relief
    • Calculation of relief
    • Tax due in relation to a dwelling
    • Tax due in relation to remaining property
    • General
  • ▸ PART 5 Withdrawal of relief
    • Full withdrawal of relief
    • Partial withdrawal of relief
    • Relevant period
    • Interpretation
  • ▸ PART 6 What counts as a dwelling
    • 24. This Part of this schedule sets out rules for determining...
    • 25. A building or part of a building counts as a...
    • 26. Land that is, or is to be, occupied or enjoyed...
    • 27. Land that subsists, or is to subsist, for the benefit...
    • 28. The main subject-matter of a transaction is also taken to...
    • 29. In paragraph 28, “relevant deeming provision” means section 10 or...
    • 30. Subsections (3) to (6) of section 59 apply for the...
▸ SCHEDULE 6 Relief for certain acquisitions by registered social landlords
  • ▸ The relief
    • 1. A land transaction under which the buyer is a registered...
  • ▸ The qualifying conditions
    • 2. The qualifying conditions are— (a) that the registered social landlord...
  • ▸ Landlord controlled by tenants
    • 3. The reference in paragraph 2(a) to a registered social landlord...
    • 4. For the purposes of paragraph 3, “board member” is to...
▸ SCHEDULE 6A RELIEF FOR CERTAIN ACQUISITIONS BY LOCAL AUTHORITIES
  • ▸ The relief
    • 1. A land transaction under which the buyer is a local...
  • ▸ The qualifying conditions
    • 2. The qualifying conditions are— (a) that the transaction is entered...
▸ SCHEDULE 7 Alternative property finance relief
  • ▸ PART 1 Introductory
    • Overview
  • ▸ PART 2 Alternative property finance: arrangements relieved
    • Land sold to financial institution and leased to person
    • Land sold to financial institution and person in common
    • Land sold to financial institution and re-sold to person
  • ▸ PART 3 Alternative property finance: arrangements not relieved
    • No relief where first transaction already relieved
    • No relief where arrangements to transfer control of financial institution
  • ▸ PART 4 Exempt interest
    • Interest held by financial institution an exempt interest
  • ▸ PART 5 Interpretation
    • Interpretation
▸ SCHEDULE 8 Relief for alternative finance investment bonds
  • ▸ PART 1 Overview and interpretation
    • Overview of relief
    • Meaning of “alternative finance investment bond”
    • Interpretation
  • ▸ PART 2 Issue, transfer and redemption of rights under bond not to be treated as chargeable transaction
    • The relief
    • Relief not available where bond-holder acquires control of underlying asset
  • ▸ PART 3 General conditions for operation of reliefs etc.
    • Introduction
    • Condition A
    • Condition B
    • Condition C
    • Condition D
    • Condition E
    • Condition F
    • Condition G
  • ▸ PART 4 Relief for certain transactions
    • The relief: first transaction
    • Withdrawal of relief
    • Amount of tax chargeable where relief withdrawn
    • Relief from land and buildings transaction tax: second transaction
    • Discharge of security when conditions for relief met
  • ▸ PART 5 Supplementary
    • Substitution of asset
    • Tax Authority to register discharge of security
    • Relief not available where bond-holder acquires control of underlying asset
    • Relief not available if purpose of arrangements is improper
▸ SCHEDULE 9 Crofting community right to buy relief
  • ▸ The relief
    • 1. The relief
  • ▸ Interpretation
    • 4. In this schedule “crofting community right to buy” means the...
▸ SCHEDULE 10 Group relief
  • ▸ PART 1 Introductory
    • Overview
  • ▸ PART 2 The relief
    • The relief
    • Restrictions on availability of relief
    • Arrangements that do not restrict availability of relief
    • Interpretation
  • ▸ PART 3 Withdrawal of relief
    • Overview
    • Withdrawal of relief
    • Amount of tax chargeable where relief withdrawn
    • Amount of tax chargeable where relief partially withdrawn
    • Case where relief not withdrawn: winding up
    • Cases where relief not withdrawn: stamp duty reliefs
    • Case where relief not withdrawn: seller leaves group
    • Withdrawal of relief in certain cases involving successive transactions
    • Interpretation
  • ▸ PART 3A Recovery of relief
    • 42A. Recovery of relief...
    • 42B.The following persons may, by notice under paragraph 42E, be...
    • 42C. For the purposes of paragraph 42B(b)— (a) a “ relevant...
    • 42D. In paragraph 42B(c)— “ director ”, in relation to a...
    • 42E. Recovery of relief: supplementary
    • 42F. Any such notice must be given before the end of...
    • 42G. The notice must state the amount required to be paid...
    • 42H. The notice has effect— (a) for the purposes of the...
    • 42I. A person who has paid an amount in pursuance of...
    • 42J. A payment in pursuance of a notice under paragraph 42E...
    • 42K. In paragraph 42H, “ Revenue Scotland assessment ” has the...
  • ▸ PART 4 Interpretation
    • When are companies members of the same group?
    • When is a company a subsidiary of another company?
    • Other definitions
▸ SCHEDULE 10A Sub-sale development relief
  • ▸ PART 1 Introductory
    • Overview of relief
  • ▸ PART 2 The relief
    • General
    • Qualifying sub-sale
    • Qualifying conditions
    • Subject-matter
    • Significant development
    • Full relief
    • Partial relief
    • Claiming the relief
  • ▸ PART 3 Withdrawal of relief
    • Full withdrawal of relief
    • Partial withdrawal of relief
  • ▸ PART 4 Supplementary
    • Disapplication of section 14
    • Qualifying sub-sale: consideration
▸ SCHEDULE 11 Reconstruction relief and acquisition relief
  • ▸ PART 1 Introductory
    • Overview
  • ▸ PART 2 Reconstruction relief
    • The relief
    • Qualifying conditions
  • ▸ PART 3 Acquisition relief
    • The relief
    • Qualifying conditions
    • Interpretation
  • ▸ PART 4 Withdrawal of relief
    • Overview
    • Withdrawal of relief
    • Case where relief not withdrawn: change of control of acquiring company as result of transaction connected to divorce etc.
    • Case where relief not withdrawn: exempt intra-group transfer
    • Case where relief not withdrawn: share acquisition relief
    • Case where relief not withdrawn: controlling loan creditor
    • Withdrawal of relief on subsequent non-exempt transfer
    • Withdrawal of relief where share acquisition relief applied but control of company subsequently changes
    • Amount of tax chargeable where relief withdrawn
    • Amount of tax chargeable where relief partially withdrawn
    • Interpretation
  • ▸ PART 4A Recovery of relief
    • 35A. Recovery of relief
    • 35B. The following persons may, by notice under paragraph 35E, be...
    • 35C. For the purposes of paragraph 35B— (a) “ relevant time...
    • 35D. In paragraph 35B(b)— “ director ”, in relation to a...
    • 35E. Recovery of relief: supplementary
    • 35F. Any such notice must be given before the end of...
    • 35G. The notice must state the amount required to be paid...
    • 35H. The notice has effect— (a) for the purposes of the...
    • 35I. A person who has paid an amount in pursuance of...
    • 35J. A payment in pursuance of a notice under paragraph 35E...
    • 35K. In paragraph 35H, “ Revenue Scotland assessment ” has the...
  • ▸ PART 5 Interpretation
    • When are companies members of the same group?
    • When is a company a subsidiary of another company?
    • Other definitions
▸ SCHEDULE 12 Relief for incorporation of limited liability partnership
  • ▸ The relief
    • 1. A land transaction by which a chargeable interest is transferred...
  • ▸ The qualifying conditions
    • 2. A land transaction by which a chargeable interest is transferred...
  • ▸ Interpretation
    • 3. In this schedule— “limited liability partnership” means a limited liability...
▸ SCHEDULE 13 Charities relief
  • ▸ The relief
    • 1. A land transaction is exempt from charge if the buyer...
  • ▸ Qualifying conditions
    • 2. The qualifying conditions are— (a) that the buyer intends to...
  • ▸ Qualifying charitable purposes
    • 3. A buyer holds the subject-matter of a transaction for qualifying...
  • ▸ Withdrawal of relief
    • 4. Relief under this schedule is withdrawn, or partially withdrawn, if—...
    • 5. A “disqualifying event” means— (a) the buyer ceasing to be...
    • 6. Where the relevant transaction is exempt from charge by virtue...
    • 7. A lease— (a) is granted “at a premium” if there...
    • 8. Where relief is withdrawn, the amount of tax chargeable is...
    • 9. Where relief is partially withdrawn, the amount of tax chargeable...
    • 10. An “appropriate proportion” means an appropriate proportion having regard to—...
    • 11. In relation to a transfer or grant that is, by...
  • ▸ Charitable trusts
    • 12. This schedule applies in relation to a charitable trust as...
    • 13. “Charitable trust” means— (a) a trust of which all the...
    • 14. In this schedule as it applies in relation to a...
  • ▸ Interpretation
    • 15.(1) In this schedule, “charity” means— (a) a body registered...
    • 16. In this schedule, "charitable purposes" has the meaning given by...
    • 17. In this schedule, “annual rent” means the average annual rent...
▸ SCHEDULE 13A (introduced by section 27)
  • ▸ FRIENDLY SOCIETIES RELIEF
    • 1. The relief
    • 2. Interpretation
▸ SCHEDULE 13B (introduced by section 27)
  • ▸ BUILDING SOCIETIES RELIEF
    • 1.The relief
    • 2. Interpretation
▸ SCHEDULE 14 Relief for certain compulsory purchases
  • ▸ The relief
    • 1. An acquisition of a chargeable interest by a local authority...
  • ▸ Qualifying condition
    • 2. The qualifying condition is that the local authority has made...
  • ▸ Interpretation
    • 3. For the purposes of this schedule it does not matter...
▸ SCHEDULE 15 Relief for compliance with planning obligations
  • ▸ The relief
    • 1. A land transaction that is entered into in order to...
  • ▸ The qualifying conditions
    • 2. The qualifying conditions are— (a) that the planning obligation or...
  • ▸ “Planning obligation” and “modification”
    • 3. “Planning obligation” means an agreement made under section 75 of...
    • 4. “Modification” of a planning obligation means modification as mentioned in...
  • ▸ Public authorities
    • 5. The following are public bodies for the purposes of paragraph...
▸ SCHEDULE 16 Public bodies relief
  • ▸ The relief
    • 1. A land transaction entered into on, in consequence of or...
    • 2. The Scottish Ministers may, by order, provide that a land...
  • ▸ Meaning of “reorganisation”
    • 3. A “reorganisation” means changes involving— (a) the establishment, reform or...
  • ▸ Public bodies
    • 4. The following are public bodies for the purposes of this...
    • 5. In this schedule, references to a public body include—
    • 6. In paragraphs 4 and 5, “company” means a company as...
▸ SCHEDULE 16A VISITING FORCES AND INTERNATIONAL MILITARY HEADQUARTERS RELIEFS
  • ▸ The relief
    • 1. A land transaction entered into with a view to any...
    • 2. Paragraph 1 has effect in relation to any designated international...
    • 3. In this schedule— “designated” means designated by or under any...
▸ SCHEDULE 16B RELIEF FOR PROPERTY ACCEPTED IN SATISFACTION OF TAX
  • ▸ The relief
    • 1. A land transaction entered into under section 9(4) of the...
▸ SCHEDULE 16C LIGHTHOUSES RELIEF
  • ▸ The relief
    • 1. A land transaction entered into by or under the direction...
    • 2. A land transaction entered into by or under the direction...
▸ Schedule 16D (introduced by section 27) Green Freeports Relief
  • ▸ PART 1 Introductory
    • 1. Overview
  • ▸ PART 2 The relief
    • 2. Full relief
    • 3. Partial relief
    • 4. Attributing chargeable consideration to land
  • ▸ PART 3 Key terms
    • 5. Transaction land
    • 6. Qualifying green freeport land
    • 7. Use of land in a qualifying manner
  • ▸ PART 4 Withdrawal of relief
    • 8. Withdrawal of relief
    • 9. The control period
    • 10. Disposal of interest in part of qualifying green freeport land during control period
  • ▸ PART 5 Alternative finance arrangements
    • 11. Cases involving alternative finance arrangements
▸ SCHEDULE 17 Partnerships
  • ▸ PART 1 Overview
    • Overview
  • ▸ PART 2 General provisions
    • Meaning of “partnership”
    • Chargeable interests treated as being held by partners etc.
    • Acquisition of interest in partnership not chargeable except as specially provided
    • Continuity of partnership
    • Partnership not to be regarded as unit trust scheme etc.
  • ▸ PART 3 Ordinary partnership transactions
    • Introduction
    • Responsibility of partners
    • Representative partners
    • Joint and several liability of responsible partners
  • ▸ PART 4 Transactions involving transfer to a partnership
    • Overview of Part
    • Circumstances in which this Part applies
    • Calculation of chargeable consideration etc.
    • Sum of the lower proportions
    • Relevant owner
    • Corresponding partner
    • Transfer of partnership interest pursuant to earlier arrangements
    • Withdrawal of money etc. from partnership after transfer of chargeable interest
  • ▸ PART 5 Transactions involving transfer from a partnership
    • Overview of Part
    • Circumstances in which Part applies
    • Calculation of chargeable consideration
    • Sum of the lower proportions
    • Relevant owner
    • Corresponding partner
    • Partnership share attributable to partner
    • Transfer of chargeable interest from a partnership to a partnership
    • Transfer of chargeable interest from a partnership consisting wholly of bodies corporate
  • ▸ PART 6 Application of Parts 3 to 5 to leases
    • Application of Parts 3 to 5 to leases
  • ▸ PART 7 Property investment partnerships
    • Overview of Part
    • Meaning of “property investment partnership”
    • Transfer of interest in partnership treated as land transaction
    • Exclusion of market rent leases
    • Partnership interests: application of provisions about exchanges etc.
    • Election by property-investment partnership to disapply Part 4
  • ▸ PART 8 Application of provisions on exemptions, reliefs and notification
    • Overview of Part
    • Application of exemptions and reliefs: general
    • Application of group relief
    • Application of charities relief
    • Notification of transfers of partnership interests
  • ▸ PART 9 Interpretation
    • Introduction
    • Partnership property
    • Partnership share
    • Transfer of chargeable interest
    • Transfer of chargeable interest to a partnership
    • Transfer of chargeable interest from a partnership
    • Transfer of interest in a partnership
    • Connected persons
    • Arrangements
▸ SCHEDULE 18 Trusts
  • ▸ PART 1 Overview
    • Overview
  • ▸ PART 2 Treatment of trusts and beneficiaries generally
    • Interests of beneficiaries under certain trusts
  • ▸ PART 3 Transactions involving bare trusts
    • Acquisition of chargeable interest by bare trustee
    • Grant of lease to bare trustee
    • Grant of lease by bare trustee
  • ▸ PART 4 Transactions involving settlements
    • Acquisition by trustees of settlements
    • Consideration for exercise of power of appointment or discretion
    • Reallocation of trust property as between beneficiaries
  • ▸ PART 5 Settlements: payment of tax and returns
    • Liability to pay the tax
    • Liability to make returns
    • Duty to make declaration
    • Responsible trustees
  • ▸ PART 6 Interpretation
    • Meaning of “bare trust”
    • Meaning of “absolutely entitled”
    • Meaning of “settlement”
▸ SCHEDULE 19 Leases
  • ▸ PART 1 Introductory
    • Overview
    • Calculation of tax chargeable where chargeable consideration includes rent
  • ▸ PART 2 Amount of tax chargeable: rent
    • Tax rates and tax bands
    • Amount of tax chargeable in respect of rent
    • Amount of tax chargeable in respect of rent: linked transactions
    • Net present value
    • Temporal discount rate
  • ▸ PART 3 Amount of tax chargeable: consideration other than rent
    • Amount of tax chargeable in respect of consideration other than rent: general
    • Amount of tax chargeable in respect of consideration other than rent: nil rate tax band
  • ▸ PART 4 Review of tax chargeable
    • Regular review of tax chargeable
    • Review of tax chargeable on certain events
  • ▸ PART 5 Chargeable consideration: rent and consideration other than rent
    • Rent
    • Variable or uncertain rent
    • Reverse premium
    • Tenant's obligations etc. that do not count as chargeable consideration
    • Assignation of lease: assumption of obligations by assignee
    • Loan or deposit in connection with grant or assignation of lease
    • Renunciation of existing lease in return for new lease
  • ▸ PART 6 Other provision about leases
    • Meaning of lease for a fixed term
    • Leases that continue after a fixed term
    • Leases that continue after a fixed term: grant of new lease
    • Treatment of successive linked leases
    • Rent for overlap period in case of grant of further lease
    • Agreement for lease substantially performed etc.
    • Missives of let followed by execution of formal lease
    • Cases where assignation of lease treated as grant of lease
    • Assignation of lease: responsibility of assignee for returns etc.
    • Reduction of rent or term or other variation of lease
    • Increase of rent or term: notification
    • Treatment of leases for indefinite term
SCHEDULE 20 Index of defined expressions
Schedule 16D (introduced by section 27) Green Freeports Relief

Schedule 16D (introduced by section 27) Green Freeports Relief

Contents

  • PART 1 Introductory 1 section
  • PART 2 The relief 3 sections
  • PART 3 Key terms 3 sections
  • PART 4 Withdrawal of relief 3 sections
  • PART 5 Alternative finance arrangements 1 section

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.

Become a member

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.

  • AI tax research with linked legislation and Finance Act changes
  • Commentary, official guidance, publications and training material
  • Case law, appeals and tribunal decisions in one place
Become a member
Taxworld Logo

Empowering your business.

We give accountants, tax consultants, financial advisers and legal advisers exactly what you need so you can solve problems like a pro.

Company

  • Membership
  • About
  • Taxworld Ireland 🇮🇪

Explore

  • Blog
  • Legislation
  • Publications
  • Events

© Copyright 2026 Taxworld

Privacy Policy | Cookies Policy | | Conditions of Use

We use optional analytics cookies to understand how people use our site. Cookie policy