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