Explanatory Notes

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

1

24 May 2017

Commentary on Sections

Part 7 – General Anti-Avoidance Rule

Section 66 - General anti-avoidance rule

Section 81D TCMA - Meaning of “tax” and “tax advantage”

93. This section gives the meaning of “tax” for this Part as being any devolved tax and the meaning of tax advantage as being:

• relief or increased relief from tax;

• repayment or increased repayment of tax;

• avoidance or reduction of a charge to tax;

• deferral of a payment of tax or advancement of a repayment of tax; and

• avoidance of an obligation to deduct or account for tax.