The following Tax guidance note provides comprehensive and up to date legal information covering:
Produced in partnership with David Small of Arnot Manderson Advocates and Ronnie Brown of Burness Paull LLP
The background to land and buildings transactions tax (LBTT) is set out in Practice Note: Scotland: Land and buildings transaction tax (LBTT)—the basics. For information about chargeable consideration and rates of LBTT, see Practice Note: Scotland: Land and buildings transaction tax (LBTT)—chargeable consideration and rates of LBTT.
This Practice Note deals with compliance issues related to LBTT, including:
the obligation to make an LBTT return
payment of LBTT
enquiries, assessments and appeals, and
penalties for non-compliance
This Practice Note refers to key concepts and terms of LBTT that are described in more detail in Practice Note: Scotland: Land and buildings transaction tax (LBTT)—the basics.
For coverage of similar issues in relation to stamp duty land tax (SDLT), see Practice Note: SDLT—administration and compliance.
It is the duty of the buyer of Scottish land interests to notify Revenue Scotland about every notifiable transaction within 30 days after the effective date of the land transaction in question using an LBTT return. LBTT returns are in a form, and contain information, prescribed by Scottish Ministers. This contrasts with SDLT where the buyer has an obligation, from 1 March 2019, to make a return within 14 days of the effective date of the
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