2Land transaction taxE+W
This
adran has no associated
Nodiadau Esboniadol
(1)A tax (to be known as “"land transaction tax””) is to be charged on land transactions.
(2)The tax is chargeable—
(a)whether or not there is an instrument effecting the transaction,
(b)if there is such an instrument, regardless of where it is executed, and
(c)regardless of where any party to the transaction is or is resident.
(3)The Welsh Revenue Authority (““WRA””) is to be responsible for the collection and management of the tax.
Commencement Information
I1S. 2 in force at 1.4.2018 by S.I. 2018/34, art. 3