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

SCHEDULE 17 RECONSTRUCTION AND ACQUISITION RELIEFS

PART 4 WITHDRAWAL OF RECONSTRUCTION OR ACQUISITION RELIEF

Interpretation

4 In this Part and in Part 5 of this Schedule, a transaction—

(a) that is relieved from tax by virtue of reconstruction relief, or

(b) on which tax is chargeable in accordance with paragraph 3 (acquisition relief),

is referred to as a “relieved transaction”.