LBTT Leases and further returns

Unlike its predecessor tax, SDLT, the LBTT regime requires tenants of Scottish commercial property to make ongoing tax assessments over the life of the lease. This represents a significant compliance burden for many businesses and their advisors.

In this webinar, the Brodies Corporate Tax & Incentives team demonstrate how the LBTT regime applies in a variety of lease transactions, and look at best practice for managing tax and compliance risks.

Topics covered:

• Basic rules for further returns
• Exempt leases
• Variations, Surrenders and Regrants, Tacit Relocations
• Assignations and the “exempt lease” trap