LBTT3040 - Public Bodies relief

LBTT guidance on tax relief where a land transaction occurs as the result of a statutory reorganisation and both the buyer and seller are public bodies.

This relief is provided by the provisions of schedule 16 to the LBTT(S)A 2013.

Description of relief

Where a land transaction occurs as the result of a statutory reorganisation, and both the buyer and the seller are public bodies, the buyer may claim relief from LBTT.

For the purposes of the relief ‘reorganisation’ means changes involving:

  • the establishment, reform or abolition of one or more public bodies;
  • the creation, alteration or abolition of functions to be discharged by one or more public bodies; or
  • the transfer of functions from one public body to another.

 For the purposes of the relief, a ‘public body’ means:

In this context, a ‘company’ is a company as defined by section 1 of the Companies Act 2006.

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.

Ref ID: 
LBTT3040
Archive Date: 
16 March 2015
Last updated: 
16 March 2015
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