Stamp Taxes Glossary - R

Rack Rent

The rule rent that property could fetch if let in the open market for a year. The open market rent

Rates of tax

The current rates of stamp duty land tax

Registered land

land where the title is registered

Reliefs

Relief may be due but the transacation has to be notified

Reverse premium

A payment made by a landlord to a tenant as an inducement to the tenant to enter into a lease

Right to buy

A purchase or acquisition of a lease of a dwelling at a discount from a public sector body listed in the legislation

RoS

Registers of Scotland