There are currently no known outstanding effects for the Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017, Cross Heading: Net present value.
31E+WThe NPV of the rent payable over the term of a lease is calculated by applying the following formula—
Figure 8 where—
ri is the rent payable in respect of year i,
i is the first, second, third etc. year of the term of the lease,
n is the term of the lease, and
T is the temporal discount rate (see paragraph 32).
Commencement Information
I1Sch. 6 para. 31 in force at 1.4.2018 by S.I. 2018/34, art. 3
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