Related Commentary  

24(1)  The Scottish Ministers must, by order, specify the tax bands and the percentage tax rates for each band–

(a)for residential property transactions, and

(b)for non-residential property transactions.

24(2)  An order under subsection (1) must specify, in the case of each type of transaction–

(a)a nil rate tax band and at least two other tax bands,

(b)the tax rate for the nil rate tax band, which must be 0%, and

(c)the tax rate for each tax band above the nil rate tax band so that the rate for each band is higher than the rate for the band below it.

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