Land and Buildings Transaction Tax (Scotland) Act 2013 section 53

Application of this Act to licences

Section 53 gives Scottish Ministers the power to make regulations that bring certain non-residential licences to occupy property within the scope of Land and Buildings Transaction Tax.

• Scottish Ministers can make regulations specifying which types of non-residential licences to occupy property should be treated as land transactions for LBTT purposes.
• The regulations can cover how acquiring interests in licences is treated, what counts as chargeable consideration, and how its amount or value is determined.
• The regulations can also set out how the tax is calculated and can specify that certain licence-related transactions do not need to be notified to Revenue Scotland.
• Regulations made under this section have the power to modify existing legislation, including the LBTT Act itself.