Our Knowledge


Three yearly returns for LBTT leases – are you ready to review?

Land and Buildings Transaction Tax (LBTT) is a tax on property transactions in Scotland, and applies to purchases of both residential and commercial properties,and leases of commercial premises granted on or after 1 April 2015. One of the components of the LBTT regime, as it applies to leases, is the requirement for three yearly reviews of the tax chargeable. Tenants of LBTT leases should ensure they are ready to submit a return to Revenue Scotland on the third anniversary of the effective date of the lease.

To read more about the LBTT please download our briefing below.