Land and Buildings Transaction Tax - property investment funds: consultation

Impacts

Equal opportunities – The Scottish Government assessed the potential impacts of the Land and Buildings Transaction Tax (Co-ownership Authorised Contractual Schemes) (Scotland) Order 2025 on equal opportunities. The proposed amendment, which stems from a power in the Act, does 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 - The proposed amendment does 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 - No negative impacts on Scottish businesses have been identified by the proposed amendment. If the Scottish Government decides to proceed with the proposed amendment, a Business and Regulatory Impact Assessment (BRIA) will, if considered to be required, be published along with the legislation. This will take into consideration any comments on the impacts provided in response to this consultation, or raised in separate engagement with relevant stakeholders.

Privacy impacts - The proposed amendment, 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 amendment.

Island communities -The proposed amendment would have no identified differential impact on island and rural communities.

Local government - There are no identified additional responsibilities or costs to local authorities.

Sustainable development - The proposal will have no impact on sustainable development.