Treaty residence of pension funds - CIOT comments
Revenue Scotland have also published a new version of the paper return to accommodate the ADS. Where a paper return is being made, it is essential that the new version of the paper return is used.
Revenue Scotland say:
The LBTT Additional Dwelling Supplement comes into effect from Friday 1 April 2016 ‚ Following Royal Assent, and the publication of the Land and Buildings Transaction Tax (Amendment) (Scotland) Act 2016 , the Additional Dwelling Supplement comes into effect for certain land transactions in Scotland from Friday 1 April. The Tax Calculator has been updated to provide for Additional Dwelling Supplement calculations, a pdf version of the guidance on the legislation was published a few weeks ago and the ‚ How To‚ Guidance has been updated to provide instructions for those completing an LBTT return where the Additional Dwelling Supplement applies.
There remains an option to submit a paper return. From Friday 1 April, where a paper return is being made, it is essential that the new version of the paper return is used.