The Land and Buildings Transaction Tax (Tax Rates and Tax Bands) (Scotland) Order 2015
This Order specifies the first tax rates and tax bands for land and buildings transaction tax, which is introduced by the Land and Buildings Transaction Tax (Scotland) Act 2013 (“the LBTT(S) Act 2013”) and which, subject to the transitional provisions mentioned in article 1(2)(b), has effect in relation to land transactions on or after 1st April 2015. Separate tax bands and tax rates apply for:residential property transactions (see Table A in the Schedule);non-residential property transactions (see Table B in the Schedule); andchargeable consideration which consists of rent (and therefore which is only relevant in the case of leases; see Table C in the Schedule).