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

Key terms

4 (1) “The consideration attributable to dwellings” is—

(a) for a single dwelling transaction, so much of the chargeable consideration for the transaction as is attributable to the dwelling;

(b) for a multiple dwelling transaction, so much of the chargeable consideration for the transaction as is attributable to the dwellings in total.

(2) “The remaining consideration” is the chargeable consideration for the transaction less the consideration attributable to dwellings.

(3) A relevant transaction is a “single dwelling transaction” if its main subject-matter consists of—

(a) an interest in a dwelling, or

(b) an interest in a dwelling and other property.

(4) A relevant transaction is a “multiple dwelling transaction” if its main subject-matter consists of—

(a) an interest in at least two dwellings, or

(b) an interest in at least two dwellings and other property.

(5) “Attributable” means attributable on a just and reasonable apportionment.