SCHEDULE 13 Relief for Acquisitions Involving Multiple Dwellings
Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 (2017 anaw 1) | Legislation

SCHEDULE 13 Relief for Acquisitions Involving Multiple Dwellings

(as introduced by section 30(1))

Overview

1

This Schedule makes provision about relief available for acquisitions involving multiple dwellings.

2

This Schedule is arranged as follows—

(a)     paragraph 3 identifies the transactions to which this Schedule applies,

(b)     paragraph 4 defines key terms,

(c)     paragraph 5 provides for the amount of tax chargeable,

(d)     paragraphs 6 and 7 make further provision about how the tax is calculated, and

(e)     paragraph 8 provides for certain buildings which are yet to be constructed or adapted to be treated as dwellings for the purposes of this Schedule.

Transactions to which this Schedule applies

3

(1)     This Schedule applies to a relevant transaction.

(2)     A “relevant transaction” is a chargeable transaction that is—

(a)     within sub-paragraph (3) or (4), and

(b)     not excluded by sub-paragraph (5).

(3)     A transaction is within this sub-paragraph if its main subject-matter consists of—

(a)     an interest in at least two dwellings, or

(b)     an interest in at least two dwellings and other property.

(4)     A transaction is within this sub-paragraph if—

(a)     its main subject-matter consists of—

(i)     an interest

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