Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 (anaw1) - Explanatory Notes

Explanatory Notes

Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017

1

24 May 2017

Commentary on Sections

Part 5 – Application of Act and Tcma to Certain Persons and Bodies

Section 35 - Open-ended investment companies

53. This section confers a regulation making power on the Welsh Ministers, to ensure that the provisions of this Act and TCMA apply to open-ended investment companies in the same way as they apply to unit trust schemes (subject to any modification the Welsh Ministers consider appropriate).