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

SCHEDULE 15 E+W RELIEF FOR CERTAIN TRANSACTIONS RELATING TO SOCIAL HOUSING

PART 3 E+W SHARED OWNERSHIP LEASES

Shared ownership lease: grant not linked with staircasing transactions etc. E+W

7 E+W For the purpose of determining the amount of tax chargeable on the grant of a shared ownership lease of a dwelling, the grant is to be treated as if it is not linked to—

(a) any acquisition of an interest in the dwelling to which paragraph 6 applies, or

(b) a transfer of the reversion to the tenant under the terms of the lease.

Commencement Information

I1 Sch. 15 para. 7 in force at 1.4.2018 by S.I. 2018/34, art. 3