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

Shared ownership trust transfer upon termination

This adran has no associated Nodiadau Esboniadol

13The transfer to the buyer of an interest in the trust property upon the termination of the trust is relieved from tax if—

(a)an election has been made under paragraph 12, and

(b)any tax chargeable in respect of the declaration of the shared ownership trust has been paid.