- Revenue Scotland prepares for three-year lease reviews
- Who has to submit a further return under paragraph 10 of Schedule 19 to the Land and Buildings Transaction Tax (Scotland) Act 2013 (LBTT(S)A 2013)?
- When do further returns under LBTT(S)A 2013 have to be made, and when will Revenue Scotland see the first of these further returns?
- How do tenants make a further return, and what must this return contain?
- How will a tenant know that they are obliged to make a further return?
- Does the obligation to make a further return apply to all leases of commercial property in Scotland?
- What is the position if a tenant has taken an assignation of a lease?
- Has Revenue Scotland issued any guidance on further returns?
Tax analysis: Isobel d’Inverno, director of corporate tax at Brodies LLP in Edinburgh, offers practical advice to tenants and their solicitors in the lead-up to the first three-year review (1 April 2018) of land and buildings transaction tax (LBTT) chargeable on leases in Scotland.
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