Land and Buildings Transaction Tax (Scotland) Act 2013 section 27

Reliefs

Section 27 lists the reliefs available from Land and Buildings Transaction Tax and explains how they must be claimed.

• A wide range of LBTT reliefs are available, covering areas such as first-time buyers, charities, group transactions, social landlords, alternative finance, compulsory purchases, green freeports, and more.
• Any relief must be claimed either in the initial LBTT return for the transaction or in an amendment to that return, within the permitted amendment period.
• The time limit for amending a return is set out in section 83 of the Revenue Scotland and Tax Powers Act 2014.
• Scottish Ministers have the power, by order, to add new reliefs, modify existing reliefs, or remove reliefs entirely, and may also amend other legislation as they consider appropriate.