Part 5 Calculation of Tax Chargeable
Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 (2017 anaw 1) | Legislation

Part 5 Calculation of Tax Chargeable

Residential leases, non-residential leases and mixed leases

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For the purposes of this Part of this Schedule, a transaction is—

(a)     an acquisition of a residential lease if—

(i)     it is the acquisition of a lease or other chargeable interest relating to a lease, the main subject-matter of which consists entirely of residential property, or

(ii)     where the acquisition is one of a number of linked transactions, the main subject-matter of each transaction consists entirely of residential property;

(b)     an acquisition of a non-residential lease if—

(i)     it is the acquisition of a lease or other chargeable interest relating to a lease, the main subject-matter of which consists entirely of land which is not residential property, or

(ii)     where the acquisition is one of a number of linked transactions, the main subject-matter of each transaction consists entirely of land which is not residential property;

(c)     an acquisition of a mixed lease if—

(i)     it is the acquisition of a lease or other chargeable interest relating to a lease, the main subject-matter of which includes land which is not residential property, or

(ii)     where the acquisition is one of a number of linked

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