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

SCHEDULE 16 E+W GROUP RELIEF

PART 2 E+W THE RELIEF

Group relief E+W

2 (1) A land transaction is relieved from tax if the seller and the buyer are companies that are members of the same group at the effective date of the transaction. E+W

(2) Relief under this paragraph is referred to in this Schedule as “"group relief””.

(3) This paragraph is subject to paragraph 4 (restrictions on availability of group relief) and paragraphs 8 and 12 (withdrawal of group relief).

Commencement Information

I1 Sch. 16 para. 2 in force at 1.4.2018 by S.I. 2018/34, art. 3