August 2014

Moving Forward with LBTT - Subordinate legislation

The Tax Law Committee responded to the Scottish Government consultation proposing subordinate legislation for Land and Buildings Transaction Tax.  The regulations propose making businesses operating under a licence to occupy subject to LBTT, where they were not previously liable to Stamp Duty Land Tax (SDLT).  The committee felt that some of the meaning of some of the wording used in the regulations, such as 'retail shop' was unclear, and have asked for further clarification from the Government on the matter.  Without further clarification, professional advisors will be unable to        advise clients on the implications of the tax on their businesses.

The full response can be found on our website