The Land and Buildings Transaction Tax (Prescribed Proportions) (Scotland) Order 2014

Fecha Entrada en Vigor:Coming into force on the 01/04/2015
Nº documento:2014 No. 350
 
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Scottish Statutory Instruments

Land And Buildings Transaction Tax

Made

4 th December 2014

Laid before the Scottish Parliament

8 th December 2014

Coming into force

1 st April 2015

The Scottish Ministers make the following Order in exercise of the powers conferred by paragraph 12 of schedule 5 and paragraph 6(3) of schedule 11 to the Land and Buildings Transaction Tax (Scotland) Act 2013(1).

Citation, commencement and interpretation

  1.   (1)  This Order may be cited as the Land and Buildings Transaction Tax (Prescribed Proportions) (Scotland) Order 2014 and comes into force on 1 st April 2015.

    (2) In this Order, “the LBTT(S) Act 2013” means the Land and Buildings Transaction Tax (Scotland) Act 2013.

    Prescribed proportion – multiple dwellings relief

  2.   The proportion prescribed for the purpose of paragraph 11 of schedule 5 to the LBTT(S) Act 2013 (multiple dwellings relief) is 25%.

    Prescribed proportion – acquisition relief

  3.   The proportion prescribed for the purpose of paragraph 6(2) of schedule 11 to the LBTT(S) Act 2013 (acquisition relief) is 12.5%.

    JOHN SWINNEY

    A member of the Scottish Government

    St Andrew’s House,

    Edinburgh

    4 th December 2014

    EXPLANATORY NOTE

    (This note is not part of the Order)

    This Order prescribes proportions for the purposes of calculating multiple...

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