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

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There are currently no known outstanding effects for the Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017, Cross Heading: Circumstances in which subsidiary dwellings do not count as separate dwellings. Help about Changes to Legislation

[F1Circumstances in which subsidiary dwellings do not count as separate dwellingsE+W

7A.(1)Sub-paragraph (3) applies in relation to a chargeable transaction—E+W

(a)where—

(i)the buyer is an individual, and

(ii)the main subject-matter of the transaction consists of a major interest in two or more dwellings (“purchased dwellings”),

(b)where only one of the purchased dwellings is a qualifying dwelling, and

(c)to which paragraph 15 of Schedule 5 does not apply.

(2)But sub-paragraph (3) does not apply in relation to a chargeable transaction that—

(a)is within sub-paragraph (1), and

(b)to which paragraph 18 of Schedule 5 applies (intermediate transaction treated as a higher rates residential property transaction).

(3)For the purposes of this Schedule, the interests in the qualifying dwelling mentioned in sub-paragraph (1)(b) and a purchased dwelling (or more than one) that is subsidiary to it are treated as if they were an interest in a single dwelling.

(4)For the purposes of this paragraph, a purchased dwelling (“dwelling A”) is subsidiary to a qualifying dwelling (“dwelling B”) if dwelling A would be subsidiary to dwelling B for the purposes of Schedule 5 (see paragraph 14 of that Schedule).

(5)In this paragraph, “qualifying dwelling” means a dwelling that is a qualifying dwelling for the purposes of Part 3 of Schedule 5 (see paragraph 13 of that Schedule).]

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