Land and Buildings Transaction Tax (Scotland) Act 2013 section 49

Partnerships

Section 49 introduces the special rules that apply when partnerships are involved in land and buildings transactions, and gives Scottish Ministers the power to amend those rules.

• Schedule 17 of the Act contains detailed provisions on how LBTT applies to partnerships.
• Partnerships are treated differently from individuals and companies for LBTT purposes, requiring their own set of rules.
• Scottish Ministers have the power to modify the partnership rules in Schedule 17 by way of regulations.
• Any changes to the partnership provisions can therefore be made without requiring a new Act of the Scottish Parliament.