http://www.legislation.gov.uk/anaw/2017/1/schedule/15/part/3/crossheading/shared-ownership-lease-grant-not-linked-with-staircasing-transactions-etc
Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017
An Act of the National Assembly for Wales to make provision about the taxation of land transactions; to amend the Tax Collection and Management (Wales) Act 2016 (anaw 6) to make provision about counteracting avoidance of devolved taxes; to make other amendments to that Act; and for connected purposes.
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Statute Law Database
2024-04-02
Expert Participation
2022-09-09
SCHEDULE 15RELIEF FOR CERTAIN TRANSACTIONS RELATING TO SOCIAL HOUSING
PART 3SHARED OWNERSHIP LEASES
Shared ownership lease: grant not linked with staircasing transactions etc.
I17
For the purpose of determining the amount of tax chargeable on the grant of a shared ownership lease of a dwelling, the grant is to be treated as if it is not linked to—
a
any acquisition of an interest in the dwelling to which paragraph 6 applies, or
b
a transfer of the reversion to the tenant under the terms of the lease.