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

SCHEDULE 15 RELIEF FOR CERTAIN TRANSACTIONS RELATING TO SOCIAL HOUSING

PART 4 SHARED OWNERSHIP TRUSTS

Shared ownership trust transfer upon termination

13 The transfer to the buyer of an interest in the trust property upon the termination of the trust is relieved from tax if—

(a) an election has been made under paragraph 12, and

(b) any tax chargeable in respect of the declaration of the shared ownership trust has been paid.