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Statutory Instruments of the Scottish Parliament |
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You are here: BAILII >> Databases >> Statutory Instruments of the Scottish Parliament >> The Land and Buildings Transaction Tax (Tax Rates and Tax Bands) (Scotland) Amendment (No. 2) (Coronavirus) Order 2020 URL: http://www.bailii.org/scot/legis/num_reg/2020/ssi_2020215_en_1.html |
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This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
Order made by the Scottish Ministers laid before the Scottish Parliament under section 68(4) of the Land and Buildings Transaction Tax (Scotland) Act 2013 for approval by resolution of the Scottish Parliament within 28 days beginning with the day on which the Order was made, not taking into account periods of dissolution or recess for more than 4 days.
Scottish Statutory Instruments
Land And Buildings Transaction Tax
Made
14th July 2020
Laid before the Scottish Parliament
15th July 2020
Coming into force
15th July 2020
The Scottish Ministers make the following Order in exercise of the powers conferred by section 24(1) of the Land and Buildings Transaction Tax (Scotland) Act 2013(1) and all other powers enabling them to do so.
1.-(1) This Order may be cited as the Land and Buildings Transaction Tax (Tax Rates and Tax Bands) (Scotland) Amendment (No. 2) (Coronavirus) Order 2020 and comes into force on 15 July 2020.
(2) This Order has effect in relation to land transactions in relation to which the effective date is on or after the coming into force of this Order.
(3) In this Order, "the Order" means the Land and Buildings Transaction Tax (Tax Rates and Tax Bands) (Scotland) Order 2015(2).
2.-(1) From the coming into force of this Order until the end of the day of 31 March 2021, the Order applies in accordance with the modifications set out in this article.
(2) In Table A: Residential of the schedule of the Order-
(a)in the second row (nil rate band), in the second column for "£145,000" substitute "£250,000",
(b)omit the third row (first tax band),
(c)in the fourth row (second tax band), in the first column for "second" substitute "first",
(d)in the fifth row (third tax band), in the first column for "third" substitute "second",
(e)in the sixth row (fourth tax band), in the first column for "fourth" substitute "third".
BEN MACPHERSON
Authorised to sign by the Scottish Ministers
St Andrew's House,
Edinburgh
14th July 2020
(This note is not part of the Order)
This Order amends the Land and Buildings Transaction Tax (Tax Rates and Tax Bands) (Scotland) Order 2015 on a temporary basis to increase the nil rate band. The increase eliminates the existing first tax band, which is omitted. Accordingly, the second, third and fourth tax bands are renumbered first, second and third tax bands.
S.S.I. 2015/126, as amended by S.S.I. 2018/372 and S.S.I. 2020/24.
