LBTT7003 Transfer out of a partnership
The transfer of a chargeable interest from a partnership under Part 5.
Certain rules apply when a chargeable interest is transferred from a partnership to:
- a person who is or was a partner, or
- a person connected with a person who is of has been one of the partners
Property that was partnership property before the partnership was dissolved or otherwise ceased to exist is treated as remaining partnership property until it is distributed.
LBTT7002 Transfer of chargeable interest to a partnership
The transfer of a chargeable interest to a partnership under Part 4.
Certain rules apply when a chargeable interest is transferred to a partnership by:
- a partner
- a person in return for an interest in the partnership i.e. who will become a partner; or
- a person connected to a partner or person who becomes a partner as a result or in connection with the transfer
A property-investment partnership may elect to disapply these rules. See more at LBTT7006 Property investment partnerships (PIP), Election by a PIP to disapply part 4 rules.
LBTT7001 General provisions
Transactions involving a partnership are subject to certain rules, including the definition of a partnership, continuity of a partnership and the adaptation of the calculation of chargeable consideration. These rules apply to a transfer:
- to a partnership
- from a partnership
- between partnerships.
Definition of a partnership
A partnership for the purposes of LBTT is taken as the following:
Martin McEwen steps down from the Revenue Scotland board
We would like to send our best wishes and heartfelt thanks to Martin McEwen as he steps down after six years from the Revenue Scotland board.
Martin attended his final board meeting on 14 May 2025 and was presented with a cake for his years of service with Revenue Scotland.
The Chair of the Revenue Scotland board, Aidan O’Carroll, said:
Monthly Land and Buildings Transaction Tax (LBTT) statistics: May 2025
Key points
- Residential LBTT, excluding Additional Dwelling Supplement (ADS), was £36.7m in May 2025. This was 5% lower than in April 2025 (£38.6m) and 4% lower than in May 2024 (£38.1m).
- Non-residential LBTT, excluding ADS, was £16m in May 2025. This was 2% lower than April 2025 (£16.3m) and 12% lower than May 2024 (£18.1m). Non-residential revenues are highly variable between months, due to the effect of small numbers of high value transactions.
Building Safety Levy (Scotland) Bill introduced to the Scottish Parliament
The Scottish Government has announced the introduction of a Scottish Building Safety Levy Bill. This will provide funding for Scotland’s Cladding Remediation Programme, to tackle unsafe cladding on buildings.
Revenue Scotland has worked closely with the Scottish Government and stakeholders during the development phase of the Bill and will continue to provide advice during the passage of the Bill through Parliament.
Scottish Landfill Tax (SLfT) statistics: Q4 2024-25 and annual trends
Key points
Annual statistics
- In 2024/25 net SLfT declared due was £55.9 million, a 19% decrease on the previous year. The long-term decrease in net SLfT, excepting the increase in 2021/22, is mainly due to standard rate disposal tonnages decreasing faster than the standard rate of tax has increased.
Monthly Land and Buildings Transaction Tax (LBTT) statistics: April 2025
Key points
- Residential LBTT, excluding Additional Dwelling Supplement (ADS), was £38.6m in April 2025. This was 14% higher than in March 2025 (£33.8m) and 8% higher than in April 2024 (£35.9m).
- Non-residential LBTT, excluding ADS, was £16.2m in April 2025. This was 39% lower than March 2025 (£26.7m) and 28% lower than April 2024 (£22.5m). Non-residential revenues are highly variable between months, due to the effect of small numbers of high value transactions.
Announcement of the departure of our Chief Executive Officer
After nine years, our Chief Executive Officer, Elaine Lorimer, has announced she will be stepping down from her position later this year.