The Land and Buildings Transaction Tax (Open-ended Investment Companies) (Scotland) Regulations, SSI 2015/322, provide an exemption, by way of a claimable relief, from land and buildings transaction tax in Scotland for authorised unit trusts converting to an open-ended investment company with effect from 6 October 2015. This largely mirrors the existing SDLT exemption in the UK.
The Land and Buildings Transaction Tax (Open-ended Investment Companies) (Scotland) Regulations, SSI 2015/322, provide an exemption, by way of a claimable relief, from land and buildings transaction tax in Scotland for authorised unit trusts converting to an open-ended investment company with effect from 6 October 2015. This largely mirrors the existing SDLT exemption in the UK.
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