The Land and Buildings Transaction Tax (Investment Zones Relief) (Scotland) Order 2026

Made: 24th February 2026

Coming into force: 26th February 2026

The Scottish Ministers make the following Order in exercise of the powers conferred by sections 27(3)(a) and 68(1) of the Land and Buildings Transaction Tax (Scotland) Act 2013[^f00001] and all other powers enabling them to do so.

In accordance with section 68(2)(c) of that Act, a draft of this instrument has been laid before and approved by resolution of the Scottish Parliament.

Citation, commencement and interpretation

1

• (1) This Order may be cited as the Land and Buildings Transaction Tax (Investment Zones Relief) (Scotland) Order 2026 and comes into force on 26 February 2026.

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

Investment zones relief

2

• (1) The Act is modified as follows.

• (2) In section 27(1) (reliefs)[^f00002], after “schedule 16D (green freeports relief)”, insert—

schedule 16E (investment zones relief).

• (3) In section 33 (further return where relief withdrawn)—

• (a) the word “or” at the end of subsection (1)(f)[^f00003] is repealed,

• (b) after subsection (1)(g)[^f00004] insert “or

(h) Part 4 of schedule 16E (investment zones relief).

• (c) after subsection (4)(g)[^f00005] insert—

(h) in relation to the withdrawal of relief under schedule 16E, an event mentioned in paragraph 8(1) of that schedule.

• (4) In section 58 (connected persons), after paragraph (hb)[^f00006] insert—

(hc) schedule 16E,

• (5) After schedule 16D (green freeports relief)[^f00007] insert schedule 16E contained in the schedule of this Order.

• (6) In schedule 19 (leases), in paragraph 27(3) (cases where assignation of lease treated as grant of lease), after sub-paragraph (g)[^f00008] insert—

(h) schedule 16E (investment zones relief).

Interest where relief is withdrawn

3

• (1) The Revenue Scotland and Tax Powers Act (Interest on Unpaid Tax and Interest Rates in General) Regulations 2015[^f00009] are modified as follows.

• (2) In regulation 3 (interpretation of Part 2)—

• (a) the word “or” at the end of paragraph (g)[^f00010] is omitted,

• (b) at the end of paragraph (h)[^f00011], for “and” substitute “or”,

• (c) after paragraph (h) insert—

(i) in relation to the withdrawal of relief under schedule 16E of the LBTT(S) Act 2013, an event mentioned in paragraph 8(1) of that schedule; and

• (3) In regulation 4 (relevant date), in the Column headed ‘Relevant date’ corresponding with Land and buildings transaction tax—

• (a) the word “, or” at the end of paragraph (vii)[^f00012] is omitted,

• (b) at the end of paragraph (viii)[^f00013], insert

or (ix) Part 4 of schedule 16E (investment zones relief) of the LBTT(S) Act 2013,

Schedule

Signed

SHONA ROBISON — A member of the Scottish Government — 24th February 2026

Explanatory note

(This note is not part of the Order)

Explanatory Note

This Order amends the Land and Buildings Transaction Tax (Scotland) Act 2013 to insert a new schedule 16E which provides for a new relief in connection with the acquisition of interests in land that are located in Investment Zones.

Footnotes

[^f00001]: 2013 asp 11, relevantly amended by S.S.I. 2023/280.

[^f00002]: Section 27(1) was relevantly amended by S.S.I. 2023/280.

[^f00003]: Section 33(1)(f) was amended by S.S.I. 2023/280.

[^f00004]: Section 33(1)(g) was inserted by S.S.I. 2023/280.

[^f00005]: Section 33(4)(g) was inserted by S.S.I. 2023/280.

[^f00006]: Section 58(hb) was inserted by S.S.I. 2023/280.

[^f00007]: Schedule 16D was inserted by S.S.I. 2023/280.

[^f00008]: Paragraph 27(3)(g) of schedule 19 was inserted by S.S.I. 2023/280.

[^f00009]: S.S.I. 2015/128, relevantly amended by S.S.I. 2023/280.

[^f00010]: Regulation 3(g) was amended by S.S.I. 2023/280.

[^f00011]: Regulation 3(h) was inserted by S.S.I. 2023/280.

[^f00012]: Paragraph (vii) was amended by S.S.I. 2023/280.

[^f00013]: Paragraph (viii) was inserted by S.S.I. 2023/280.

[^f00014]: 2021 c. 26. Section 113 was amended by section 331(2) to (4) and paragraph 19 of schedule 23 of the Finance (No. 2) Act 2023 (c. 30).

[^f00015]: 2010 c. 4.

[^f00016]: 2005 c. 5.