Land and Buildings Transaction Tax (Scotland) Act 2013

53 Application of this Act to licences

(1) The Scottish Ministers may, by regulations, prescribe descriptions of non-residential licences to occupy property, transactions in relation to which are to be land transactions for the purposes of this Act.

(2) The regulations may also make provision, among other things—

(a) for transactions, which result in the acquisition of interests in licences, to be land transactions,

(b) for what the chargeable consideration is to be in relation to a licence,

(c) for the determination of the amount or value of that chargeable consideration,

(d) for the calculation of the tax chargeable,

(e) specifying that certain land transactions relating to a licence are not to be notifiable under section 30.

(3) Regulations under this section may modify any enactment (including this Act).