Explanatory Note

(This note is not part of the Order)

This Order modifies the Land and Buildings Transaction Tax (Scotland) Act 2013. It modifies paragraph 7 of schedule 10 and paragraph 4 of schedule 10A which provide certain reliefs from Land and Buildings Transaction Tax.

Article 2 modifies paragraph 7 of schedule 10 in order to extend group relief in non-partition demergers.

Article 3 modifies paragraph 4 of schedule 10A to provide that the period for sub-sale relief should commence on the date of the qualifying sub-sale.