PART 6RETURNS AND PAYMENTS

CHAPTER 3DEFERRAL OF TAX

64Regulations about deferral of tax

1

The Welsh Ministers may by regulations—

a

make provision for the deferral of tax in cases where the deferred consideration consists of rent (within the meaning given in Schedule 6);

b

make provision applying this Chapter (with such modifications as may be specified in the regulations) to cases where the consideration to which a deferral request relates, or any element of that consideration, consists of—

i

the carrying out of works of construction, improvement or repair of a building or other works to enhance the value of land, or

ii

the provision of services (other than the carrying out of such works);

c

make provision for WRA to make variations under section 62 without the buyer giving notice of a request under subsection (1) of that section (whether by agreement with the buyer or by imposition).

2

Regulations under subsection (1) may make such modifications of this Act as the Welsh Ministers consider necessary or expedient.