The Land and Buildings Transaction Tax (Definition of Charity) (Relevant Territories) (Scotland) Regulations 2014

2014No. 352

CHARITIES

LAND AND BUILDINGS TRANSACTION TAX

The Land and Buildings Transaction Tax (Definition of Charity) (Relevant Territories) (Scotland) Regulations 2014

4thDecember2014

8thDecember2014

1stApril2015

The Scottish Ministers make the following Regulations in exercise of the power conferred by paragraph 15(3)(d) of schedule 13 to the Land and Buildings Transaction Tax (Scotland) Act 2013( 1).

Citation and commencement

1. These Regulations may be cited as the Land and Buildings Transaction Tax (Definition of Charity) (Relevant Territories) (Scotland) Regulations 2014 and come into force on 1st April 2015.

Specification of relevant territories

2. The following territories are specified as relevant territories for the purpose of paragraph 15(1)(b)(i) of schedule 13 to the Land and Buildings Transaction Tax (Scotland) Act 2013 (definition of "charity" for the purposes of charities relief)-

(a) the Republic of Iceland;(b) the Principality of Liechtenstein; and(c) the Kingdom of Norway.

JOHN SWINNEY

A member of the Scottish Government

St Andrew's House,

Edinburgh

4th December 2014

EXPLANATORY NOTE

(This note is not part of the Regulations)

These Regulations specify the Republic of Iceland, the Principality of Liechtenstein and the Kingdom of Norway as relevant territories for the purpose of the meaning of a relevant territory in paragraph 15(3) of schedule 13 to the Land and Buildings Transaction Tax (Scotland) Act 2013. That schedule provides for charities relief in connection with land and buildings transaction tax.

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