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

Tenant’s obligations etc. that do not count as chargeable consideration

255.Paragraph 16 provides that a number of obligations, for example an undertaking by the tenant to repair and maintain the property subject to the lease, are not to be treated as consideration given for the granting of the lease. Additionally, where the tenant pays an amount to discharge such an obligation then that payment is similarly not treated as chargeable consideration.

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