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

Just and reasonable apportionment

174.Paragraph 4 provides that where consideration is given in an agreement that comprises more than one land transaction or a land transaction and another matter, that consideration is to be apportioned to the (or each) relevant land transaction on a just and reasonable basis, and LTT will be assessed on the value of the consideration so apportioned. This would be relevant where, for example:

  • a buyer pays for the land and building and another amount to cover moveable items (such as white goods, curtains etc.); and

  • a contract covers the sale of land and an agreement for construction of buildings on the land.

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