Part 9 Application of Exemptions, Reliefs, Provisions of TCMA and Notification Provisions
Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 (2017 anaw 1) | Legislation

Part 9 Application of Exemptions, Reliefs, Provisions of TCMA and Notification Provisions

Introduction

38

In this Part of this Schedule—

(a)     paragraph 39 makes provision about the application of exemptions and reliefs to transactions to which this Schedule applies;

(b)     paragraphs 40 and 41 make provision about the application of group relief to certain transactions mentioned in Part 4 of this Schedule;

(c)     paragraph 42 makes provision about the application of charities relief to certain transfers of interest in a partnership;

(d)     paragraph 43 makes provision about the application of certain provisions of TCMA to partnerships;

(e)     paragraph 44 makes provision about the notification of certain transfers of interest in a partnership.

Application of exemptions and reliefs

39

(1)     Paragraph 1 of Schedule 3 (exemption of transactions for which there is no chargeable consideration) does not apply to transactions to which paragraph 13, 18, 21 or 34 applies.

(2)     But (subject to paragraphs 40 and 42) this Schedule has effect subject to any other provision affording exemption or relief from tax.

Application of group relief

40

(1)     Schedule 16 (group relief) applies to—

(a)     a transaction to which paragraph 13 applies, and

(b)

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