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Statutory Instruments of the Scottish Parliament
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This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
Order made by the Scottish Ministers and laid before the Scottish Parliament under section 68(4) of the Land and Buildings Transaction Tax (Scotland) Act 2013, for approval by resolution of the Scottish Parliament within 28 days beginning with the day on which the Order was made, not taking account periods of dissolution or recess for more than 4 days.
Scottish Statutory Instruments
2024 No. 367
Land And Buildings Transaction Tax
The Land and Buildings Transaction Tax (additional amount: transactions relating to second homes etc.) (Scotland) Amendment Order 2024
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( 1) 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( 2) (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.
SHONA ROBISON
A member of the Scottish Government
St Andrew’s House,
Edinburgh
At 12.30 p.m. on 4th December 2024
EXPLANATORY NOTE
(This note is not part of the Order)
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.
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. 2018/372and S.S.I. 2022/375.