Land and buildings transaction tax - property investment funds: consultation

Consultation to seek opinions and commentary on the potential introduction of reliefs from LBTT to bring parity with Stamp Duty Land Tax (SDLT) for certain authorised property investment funds.

Specifically a relief for the ‘seeding’ (initial transfe

Chapter 6: Effects on Equal Opportunities, Human Rights, Island Communities, Local Government, Sustainable Development etc.

Equal opportunities

71. The Scottish Government assessed the potential impacts of the Land and Buildings Transaction Tax (Scotland) Act 2013 on equal opportunities. These regulations, which stem from the powers in the Act, do not discriminate with respect to any of the protected characteristics (including age, disability, gender reassignment, marriage and civil partnership, pregnancy and maternity, race, religion or belief, sex and sexual orientation) either directly or indirectly.

Human rights

72. The proposed reliefs do not infringe on or affect any subject areas of the European Convention on Human Rights ( ECHR). No differential impact on human rights or any impact on any individual's civil liberties through the proposals have been identified.

Business Impacts

73. No negative impacts on Scottish businesses have been identified by way of the proposed reliefs.

Privacy impacts

74. The proposed reliefs, if taken forward, would be subject to other legislation that prohibits, restricts access or relates to the disclosure of that information, for example the Data Protection Act 1998 or the Revenue Scotland and Tax Powers Act 2014. As a result, there are no privacy impacts resulting by way of the proposed reliefs.

Island communities

75. The proposed reliefs have no identified differential impact on island and rural communities.

Local government

76. There are no additional responsibilities or costs to local authorities of the proposed reliefs.

Sustainable development

77. The proposed reliefs will have no impact on sustainable development.

Question 20: Would LBTT parity with SDLT regarding PAIFs and CoACS in any way impact upon equal opportunities, human rights, island communities, privacy and/or sustainable development in Scotland?


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