Land and Buildings Transaction Tax (Scotland) Act 2013 section 50

Trusts

Section 50 deals with how LBTT applies to land transactions involving trusts, and provides for Scottish Ministers to amend the rules by regulation.

  • Schedule 18 of the Act contains detailed rules on how LBTT applies to transactions involving trusts.
  • Scottish Ministers have the power to modify these trust provisions by regulations, allowing the rules to be updated without new primary legislation.
  • Trustees involved in reviews or appeals relating to LBTT should also refer to section 248 of the Revenue Scotland and Tax Powers Act 2014, which covers procedural matters for trustees.
  • The trust provisions were subsequently amended by the Revenue Scotland and Tax Powers Act 2014.

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