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

2 (1) In the case of [F1 a transaction subject to a public sector discount]— E+W

(a) section 19(1) (contingent consideration to be included in chargeable consideration on assumption that contingency will occur) does not apply, and

(b) any consideration that would be payable only if a contingency were to occur, or that is payable only because a contingency has occurred, does not count as chargeable consideration.

(2) A ““[F2 transaction subject to a public sector discount]”” means—

(a) the sale of a dwelling at a discount, or the grant of a lease of a dwelling at a discount, by a relevant public sector bodyF3 ...

F3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(3) The following are relevant public sector bodies for the purposes of this paragraph—

(a) a Minister of the Crown;

(b) the Welsh Ministers;

(c) a local housing authority within the meaning given by section 1 of the Housing Act 1985 (c. 68);

(d) a registered social landlord;

(e) a housing action trust established under Part 3 of the Housing Act 1988 (c. 50);

(f) a local policing body within the meaning of section 101(1) of the Police Act 1996 (c. 16);

(g) a person specified for the purposes of this paragraph by the Welsh Ministers by regulations.

F4 (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F5 (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(6) In this paragraph—

• F6 ...

• “"registered social landlord”” (“"landlord cymdeithasol cofrestredig”") means a body registered as a social landlord in a register maintained under section 1(1) of the Housing Act 1996 (c. 52).

Textual Amendments

F1 Words in Sch. 15 para. 2(1) substituted (26.1.2019) by The Abolition of the Right to Buy and Associated Rights (Wales) Act 2018 (Consequential Amendments and Savings Provisions) Regulations 2019 (S.I. 2019/110), regs. 1, 4(b)(ii)(aa)

F2 Words in Sch. 15 para. 2(2) substituted (26.1.2019) by The Abolition of the Right to Buy and Associated Rights (Wales) Act 2018 (Consequential Amendments and Savings Provisions) Regulations 2019 (S.I. 2019/110), regs. 1, 4(b)(ii)(bb)(i)

F3 Sch. 15 para. 2(2)(b) and word omitted (26.1.2019) by virtue of The Abolition of the Right to Buy and Associated Rights (Wales) Act 2018 (Consequential Amendments and Savings Provisions) Regulations 2019 (S.I. 2019/110), regs. 1, 4(b)(ii)(bb)(ii)

F4 Sch. 15 para. 2(4) omitted (26.1.2019) by virtue of The Abolition of the Right to Buy and Associated Rights (Wales) Act 2018 (Consequential Amendments and Savings Provisions) Regulations 2019 (S.I. 2019/110), regs. 1, 4(b)(ii)(cc)

F5 Sch. 15 para. 2(5) omitted (26.1.2019) by virtue of The Abolition of the Right to Buy and Associated Rights (Wales) Act 2018 (Consequential Amendments and Savings Provisions) Regulations 2019 (S.I. 2019/110), regs. 1, 4(b)(ii)(dd)

F6 Words in Sch. 15 para. 2(6) omitted (26.1.2019) by virtue of The Abolition of the Right to Buy and Associated Rights (Wales) Act 2018 (Consequential Amendments and Savings Provisions) Regulations 2019 (S.I. 2019/110), regs. 1, 4(b)(ii)(ee)

Commencement Information

I1 Sch. 15 para. 2 in force at 1.4.2018 by S.I. 2018/34, art. 3