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

(as introduced by section 1(2))

SCHEDULE 1 OVERVIEW OF SCHEDULES

The Schedules to this Act are arranged as follows—

(a) Schedules 2 to 4 comprise a group of Schedules which make provision related to the key concepts of land transaction tax—

(i) Schedule 2 sets out how this Act applies to pre-completion transactions;

(ii) Schedule 3 specifies certain transactions which are exempt from a charge to the tax;

(iii) Schedule 4 makes detailed provision about what counts as chargeable consideration for a land transaction;

(b) Schedule 5 makes provision about higher rates residential property transactions;

(c) Schedule 6 makes provision about the application of this Act to leases;

(d) Schedules 7 and 8 comprise a group of Schedules making provision about the application of this Act to certain entities, specifically partnerships (Schedule 7) and trusts (Schedule 8);

(e) Schedules 9 to 22 comprise a group of Schedules which make provision about reliefs available from the tax;

(f) Schedule 23 makes amendments to TCMA.