The Revenue Scotland and Tax Powers Act (Interest on Unpaid Tax and Interest Rates in General) Regulations 2015

Interpretation of Part 2

3.  In this Part—

“disqualifying event” means—

(a)

in relation to the withdrawal of relief under Schedule 4 (relief for certain acquisitions of residential property) to the LBTT(S) Act 2013, an event listed in section 33(4)(a) of that Act;

(b)

in relation to the withdrawal of relief under Schedule 5(1) (relief for transfer of multiple dwellings) to the LBTT(S) Act 2013, an event listed in section 33(4)(b) of that Act;

(c)

in relation to the withdrawal of relief under Schedule 8 (relief for alternative finance investment bonds) to the LBTT(S) Act 2013, an event listed in section 33(4)(c) of that Act;

(d)

in relation to the withdrawal of group relief, the buyer ceasing to be a member of the same group as the seller in terms of paragraph 14 of Schedule 10 to the LBTT(S) Act 2013;

(e)

in relation to the withdrawal of relief under Schedule 10A(2) (sub-sale development relief) to the LBTT(S) Act 2013, an event listed in section 33(4)(da) of that Act;

(f)

in relation to the withdrawal of reconstruction or acquisition relief, the change of control of the acquiring company in terms of paragraph 13 of Schedule 11 to the LBTT(S) Act 2013; or

(g)

in relation to the withdrawal of charities relief, a disqualifying event as defined in paragraphs 5 and 6 of Schedule 13 to the LBTT(S) Act 2013; and

“filing date” means the filing date as defined in section 82 of the Act.

(1)

Schedule 5 was amended by S.S.I. 2015/XXX. Back [1]

(2)

Schedule 10A was inserted by S.S.I. 2015/XXX.