Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 (anaw1)

SCHEDULE 13 E+W RELIEF FOR ACQUISITIONS INVOLVING MULTIPLE DWELLINGS

The amount of tax chargeable E+W

5 (1) If relief under this Schedule is claimed for a relevant transaction, the amount of tax chargeable in respect of the transaction is the sum of— E+W

(a) the tax related to the consideration attributable to dwellings, and

(b) the tax related to the remaining consideration (if any).

(2) If the whole or part of the chargeable consideration for a relevant transaction is rent, sub-paragraph (1) has effect subject to Part 5 of Schedule 6 (leases: calculation of tax chargeable).

Commencement Information

I1 Sch. 13 para. 5 in force at 1.4.2018 by S.I. 2018/34, art. 3