Revisions for LBTT4003 - Notifiable transactions

The buyer in a notifiable transaction must notify Revenue Scotland by filing an LBTT return. The return must be made within 30 days of the day after the effective date. A transaction can be notifiable without there being a tax charge. If the transaction is chargeable, the return must include an assessment of the tax chargeable.

This guidance covers notifiable transactions, other than leases. The guidance on when a lease is notifiable can be found here: LBTT6010 Making a return and paying tax for a lease.