PART 6

RETURNS AND PAYMENTS
CHAPTER 3

DEFERRAL OF TAX

Regulations about deferral of tax
64
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.