24 Regulations specifying tax bands and tax rates
Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 (2017 anaw 1) | Legislation

Part 3 Calculation of Tax and Reliefs

Calculation of tax

24  Regulations specifying tax bands and tax rates

(1)     The Welsh Ministers must by regulations specify the tax bands and percentage tax rates for each band applicable in the case of the following types of chargeable transactions—

(a)     residential property transactions,

(b)     higher rates residential property transactions, and

(c)     non-residential property transactions.

(2)     In this Act, “tax band” means a lower and, if specified, upper amount of money from or, as the case may be, between which a specified percentage tax rate applies.

(3)     Regulations under subsection (1)(a) and (c) must specify, in the case of each type of transaction—

(a)     a tax band for which the applicable tax rate is 0% (“the zero rate band”),

(b)

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