Schedule 21 | Compulsory Purchase Relief And Planning Obligations Relief | Land Transaction Tax And Anti Avoidance Of Devolved Taxes Wales Act 2017 Anaw1

SCHEDULE 21 Compulsory Purchase Relief and Planning Obligations Relief

Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 (2017 anaw 1) | Legislation

SCHEDULE 21 Compulsory Purchase Relief and Planning Obligations Relief

(as introduced by section 30(1))

Relief for compulsory purchase facilitating development

(1) A compulsory purchase facilitating development is relieved from tax.

(2) In this paragraph—

“compulsory purchase facilitating development” (“pryniant gorfodol sy'n hwyluso datblygiad”) means a land transaction under which the buyer acquires a chargeable interest pursuant to a compulsory purchase order made by the buyer for the purpose of facilitating development by another person;

“development” (“datblygiad”) has the meaning