5 Powers to confer, vary and withdraw reliefs
Local Government Finance (Wales) Act 2024 (2024 asc 6) | Legislation

Reliefs

5  Powers to confer, vary and withdraw reliefs

(1)     The 1988 Act is amended as follows.

(2)     In Schedule 4ZA—

(a)     after paragraph 8, insert—

“Part 3A
Powers to Confer, Vary and Withdraw Reliefs: Wales
Power to confer additional partial reliefs
8A

(1)     Where this paragraph applies in relation to a hereditament, the chargeable amount for a chargeable day is to be calculated in accordance with the formula—

((A x M) / C) - F

(2)     This paragraph applies in relation to a hereditament where—

(a)     the hereditament is situated in Wales, and

(b)     on the day concerned, in relation to the hereditament—

(i)     conditions prescribed by the Welsh Ministers in regulations are satisfied, and

(ii)     F is an amount that is greater than 0 but less than the sum of—

(A x M) / C

(3)     Regulations under sub-paragraph (2)(b)(i) may—

(a)     prescribe more than one condition or set of conditions that may be satisfied such that this paragraph applies;

(b)     make provision about the application of more than one condition or set of conditions in relation to a hereditament.

Power to confer additional full reliefs
8B

(1)     Where this paragraph

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