LBTT3037 - Building societies relief

LBTT guidance on tax relief where, in certain situations, the land transaction involves building societies.

This relief is provided by the provisions of schedule 13B to the LBTT(S)A 2013 which is inserted by regulation 2(2)(a) of The Land and Buildings Transaction Tax (Addition and Modification of Reliefs) (Scotland) Order 2015.

Description of relief

In certain situations (see further below), full relief can be claimed for a land transaction involving building societies. ‘Building societies’ in this context takes the meaning given under section 119(1) of the Building Societies Act 1986: ‘a building society incorporated (or deemed to be incorporated) under that Act’

Relief conditions

A land transaction effected by or in consequence of any of the following is exempt from charge:

Claiming the relief

To claim this relief see the guidance on 'How to make a LBTT return and pay tax' which is available separately on our website.

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