Land and Buildings Transaction Tax: Property Investment Funds

Overview

As part of the 2025-26 Scottish Budget, the Scottish Government committed to bring forward draft legislation in respect of the interaction between Co-Ownership Authorised Contractual Schemes (CoACS) and Land and Buildings Transaction Tax (LBTT).

Reflecting that commitment, this consultation seeks views on three specific issues focussed on the interaction between investment and devolved tax legislation.

Why your views matter

This consultation offers an opportunity to comment on the proposed legislation in respect of Co-ownership Authorised Contractual Funds and, separately, provide evidence and views to support the Scottish Government’s consideration in respect of Reserved Investor Funds and seeding relief.

Responses are encouraged from all interested stakeholders and we are particularly keen to hear from the property sector and managers of, and investors in the vehicles discussed in this consultation paper.

This consultation will run for 8 weeks until 5 September 2025.

Read the consultation paper here.