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

SCHEDULE 9 E+W SALE AND LEASEBACK RELIEF

Sale and leaseback arrangements E+W

2 E+W A sale and leaseback arrangement is an arrangement under which—

(a) a person (““A””) transfers or grants to another person (““B””) a major interest in land (the ““sale””), and

(b) out of that interest B grants a lease to A (the ““leaseback””).

Commencement Information

I1 Sch. 9 para. 2 in force at 1.4.2018 by S.I. 2018/34, art. 3