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

This section has no associated Explanatory Notes

2(1)In the case of [F1a transaction subject to a public sector discount]—E+W

(a)section 19(1) (contingent consideration to be included in chargeable consideration on assumption that contingency will occur) does not apply, and

(b)any consideration that would be payable only if a contingency were to occur, or that is payable only because a contingency has occurred, does not count as chargeable consideration.

(2)A ““[F2transaction subject to a public sector discount]”” means—

(a)the sale of a dwelling at a discount, or the grant of a lease of a dwelling at a discount, by a relevant public sector bodyF3...

F3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(3)The following are relevant public sector bodies for the purposes of this paragraph—

(a)a Minister of the Crown;

(b)the Welsh Ministers;

(c)a local housing authority within the meaning given by section 1 of the Housing Act 1985 (c. 68);

(d)a registered social landlord;

(e)a housing action trust established under Part 3 of the Housing Act 1988 (c. 50);

(f)a local policing body within the meaning of section 101(1) of the Police Act 1996 (c. 16);

(g)a person specified for the purposes of this paragraph by the Welsh Ministers by regulations.

F4(4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F5(5). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(6)In this paragraph—

  • F6...

  • “"registered social landlord”” (“"landlord cymdeithasol cofrestredig”") means a body registered as a social landlord in a register maintained under section 1(1) of the Housing Act 1996 (c. 52).

Textual Amendments

Commencement Information

I1Sch. 15 para. 2 in force at 1.4.2018 by S.I. 2018/34, art. 3