Legalize / United Kingdom / Scotland / Scottish-Statutory-Instrument

The Land and Buildings Transaction Tax (additional amount: transactions relating to second homes etc.) (Scotland) Amendment Order 2024

Type Scottish-Statutory-Instrument

Publication 2024-12-04

State In force

Jurisdiction Scotland

Department King's Printer for Scotland

Source legislation.gov.uk

PDF Download

articles Not indexed

Reform history JSON API

Made: at 12.30 p.m. on 4th December 2024

Laid before the Scottish Parliament: at 4.00 p.m. on 4th December 2024

Coming into force: 5th December 2024

The Scottish Ministers make the following Order in exercise of the powers conferred by paragraph 19(1) of schedule 2A of the Land and Buildings Transaction Tax (Scotland) Act 2013[^f00001] and all other powers enabling them to do so.

Citation, commencement, application and interpretation

1

(1) This Order may be cited as the Land and Buildings Transaction Tax (additional amount: transactions relating to second homes etc.) (Scotland) Amendment Order 2024 and comes into force on 5 December 2024.

(2) This Order has effect in relation to land transactions in relation to which the effective date is on or after 5 December 2024.

(3) In this Order, “the Act” means the Land and Buildings Transaction Tax (Scotland) Act 2013.

Amendment of schedule 2A (additional amount: transactions relating to second homes etc.) of the Act

2

Paragraph 4(2) of schedule 2A[^f00002] (additional amount: transactions relating to second homes etc.) of the Act is amended by substituting “8%” for “6%”.

Transitional provision

3

This Order does not have effect in relation to any land transaction in relation to which the effective date is on or after 5 December 2024 if contracts for the land transaction have been entered into on or prior to 4 December 2024.

Signed

SHONA ROBISON — A member of the Scottish Government — At 12.30 p.m. on 4th December 2024

Explanatory note

(This note is not part of the Order)

EXPLANATORY NOTE

This Order amends the additional amount payable in respect of residential property in relation to second homes as specified in paragraph 4(2) of schedule 2A of the Land and Buildings Transaction Tax Act 2013.

Footnotes

[^f00001]: 2013 asp 11.

[^f00002]: Schedule 2A was inserted by section 1(3) of the Land and Buildings Transaction Tax (Amendment) (Scotland) Act 2016 (asp 11) and relevantly amended by S.S.I. 2018/372 and S.S.I. 2022/375.

Reading this document does not replace reading the official text published on legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0. We assume no responsibility for any inaccuracies arising from the conversion of the original CLML XML to this format.

This text is published under legislation.gov.uk's own terms of reuse, not a Legalize or public-domain licence. legislation.gov.uk
Open Government Licence v3.0 (attribution required)
© Crown and database right. Derived from content available under the Open Government Licence v3.0 from legislation.gov.uk.