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

SCHEDULE 10 E+W ALTERNATIVE PROPERTY FINANCE RELIEFS

PART 1 E+W INTRODUCTORY

Overview E+W

1 (1) This Schedule makes provision for relief in the case of certain land transactions connected to alternative property finance arrangements. E+W

(2) The Schedule is arranged as follows—

(a) Part 2 sets out the circumstances in which certain transactions are relieved from tax;

(b) Part 3 sets out the circumstances where relief is not available;

(c) Part 4 makes provision for an interest held by a financial institution in certain circumstances to be treated as an exempt interest;

(d) Part 5 defines certain terms for the purposes of this Schedule.

Commencement Information

I1 Sch. 10 para. 1 in force at 1.4.2018 by S.I. 2018/34, art. 3