Land and Buildings Transaction Tax 2017/18
ISBN13: 9781526500694
Published: November 2017
Publisher: Bloomsbury Professional
Country of Publication: Scotland
Format: Paperback
Price: Out of print
Land and Buildings Transaction Tax is the only comprehensive and clear guide to the
new Land and Buildings Transaction Tax in Scotland.
Land and Buildings Transaction Tax (‘LBTT’) is a tax devolved to Scotland under the
Scotland Act 2012 which, whilst based on Stamp Duty Land Tax (‘SDLT’), is different in a
number of areas. These differences are explored throughout the text.
This text provides practising solicitors and accountants in Scotland with essential and
practical guidance on this new tax. The title provides comprehensive guidance on the
general rules of LBTT including the transitional provisions and outlines the principal
differences between LBTT and SDLT.
This authoritative text also includes:
- Background to the introduction of LBTT;
- Detailed coverage of many of the exemptions and reliefs from LBTT;
- Comprehensive consideration of the rules regarding commercial leases;
- The practicalities of LBTT compliance and administration
- Special rules for partnerships and trusts;
- Anti-avoidance rules;
- Numerous worked examples.
Land and Buildings Transaction Tax is essential reading for lawyers, accountants, and
other professionals dealing with transactions involving commercial and residential
properties in Scotland, as well as academics wishing to observe the first stage in the
development of devolved Scottish taxes.
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