Tax information for tenants of commercial property

Devolved tax legislation implemented on 1 April 2015 means that some tenants in Scotland must, by law, submit a new tax return to Revenue Scotland every three years to ensure they have paid the correct amount of Land and Buildings Transaction Tax (LBTT).

A return has to be submitted:

• every three years from the effective date of the lease;
• at the point where the lease is assigned;
• at the point where the lease is terminated.

It is the responsibility of the tenant to submit the return - even if the lease has not changed or if no tax is due. Failure to do so will result in a penalty.

For further information, please visit www.revenue.scot/leases