Land and buildings transaction tax - property investment funds: consultation
Consultation to seek opinions and commentary on the potential introduction of reliefs from LBTT to bring parity with Stamp Duty Land Tax (SDLT) for certain authorised property investment funds.
Specifically a relief for the ‘seeding’ (initial transfe
List of Abbreviations
| SLfT |
Scottish Landfill tax |
| AUT |
Authorised Unit Trust |
| CoACS |
Co-Owned Authorised Contractual Schemes |
| PAIF |
Property Authorised Investment Fund (a type of Open Ended Investment Company with primarily property assets) |
| OEIC |
Open Ended Investment Company (a type of company that is structured to invest in other companies and assets with a flexible make up) |
| LBTT |
Land and Buildings Transaction Tax (Scottish property and land transaction tax) |
| SDLT |
Stamp Duty Land Tax ( UK property transaction tax) |
| ECHR |
European Court of Human Rights |
| RSTPA |
Revenue Scotland Tax Powers Act |
| GDO |
Genuine Diversity of Ownership |
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