F1Part 4ATaxation

Annotations:
Amendments (Textual)
F1

Pt. 4A inserted (1.7.2012) by Scotland Act 2012 (c. 11), ss. 23(2), 44(2)(b)

F2CHAPTER 3Tax on transactions involving interests in land

Annotations:
Amendments (Textual)
F2

Pt. 4A Ch. 3 inserted (1.7.2012) by Scotland Act 2012 (c. 11), ss. 28, 44(2)(b), 44(3)(b) (with s. 28(2))

80ITax on transactions involving interests in land

1

A tax charged on any of the following transactions is a devolved tax—

a

the acquisition of an estate, interest, right or power in or over land in Scotland;

b

the acquisition of the benefit of an obligation, restriction or condition affecting the value of any such estate, interest, right or power.

2

The tax may be chargeable—

a

whether or not there is any instrument effecting the transaction,

b

if there is such an instrument, regardless of where it is executed, and

c

regardless of where any party to the transaction is or is resident.

80JCertain transactions not taxable

1

Tax may not be imposed under section 80I on so much of a transaction as relates to land below mean low water mark.

2

The following persons are not to be liable to pay a tax imposed under section 80I—

  • Government

    • A Minister of the Crown

    • The Scottish Ministers

    • A Northern Ireland department

    • The Welsh Ministers, the First Minister for Wales and the Counsel General to the Welsh Assembly Government

  • Parliament etc

    • The Corporate Officer of the House of Lords

    • The Corporate Officer of the House of Commons

    • The Scottish Parliamentary Corporate Body

    • The Northern Ireland Assembly Commission

    • The National Assembly for Wales Commission

    • The National Assembly for Wales.