LBTT2001 - Determining the chargeable consideration

Chapter 2 of the LBTT legislation guidance covering the chargeable consideration in a LBTT transaction.

The amount of LBTT to be paid in relation to a chargeable transaction is calculated by applying the tax rates and bands to the amount of chargeable consideration for the transaction.

This chapter, which mainly covers the provisions of schedule 2 of the Land and Buildings Transaction Tax (Scotland) Act 2013, helps you establish the chargeable consideration for a land transaction. Separate guidance is available in relation to determining the chargeable consideration for land transactions involving leases – see LBTT6003.

This chapter is structured as follows: