Date lodged: 7 September 2016
To ask the Scottish Government whether acquisitions made by registered social landlords are subject to Land and Building Transaction Tax if those acquisitions are made without the assistance of grants or other financial assistance.
Answered by: Derek Mackay 20 September 2016
Schedule six of the Land and Buildings Transaction Tax (Scotland) Act 2013, as amended by The Land and Buildings Transaction Tax (Addition and Modification of Reliefs) (Scotland) Order 2015, provides relief for certain acquisitions by registered social landlords. Paragraph two of schedule six sets out the qualifying conditions. If these conditions are not met then relief will not be available.