F1Part 4ATaxation
Annotations:
Amendments (Textual)
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.
Pt. 4A inserted (1.7.2012) by Scotland Act 2012 (c. 11), ss. 23(2), 44(2)(b)