Part 6 Interpretation
Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 (2017 anaw 1) | Legislation

Part 6 Interpretation

Dwellings outside Wales

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(1)     In the provisions of this Schedule specified in sub-paragraph (4), references to a “dwelling” include references to a dwelling situated outside Wales.

(2)     In relation to a dwelling situated in England, those provisions are to be construed in accordance with the provisions of the Finance Act 2003 (c 14).

(3)     In the application of those provisions in relation to a dwelling situated in a country or territory outside England and Wales—

(a)     references to a “major interest” in the dwelling are to an equivalent interest in the dwelling under the law of that country or territory,

(b)     references to persons being beneficially entitled as joint tenants, tenants in common or coparceners to an interest in the dwelling are to persons having an equivalent entitlement to the interest in the dwelling under the law of that country or territory,

(c)     references to a “land transaction” in relation to the dwelling are to the acquisition of an interest in the dwelling under the law of that country or territory,

(d)     references to the “effective date” of a land transaction in relation to the dwelling are to the date on which the interest

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