Changes over time for: Cross Heading: Subsidiary dwelling exception
Status:
Point in time view as at 26/01/2019.
Changes to legislation:
There are currently no known outstanding effects for the Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017, Cross Heading: Subsidiary dwelling exception.
Changes to Legislation
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Subsidiary dwelling exceptionE+W
14(1)A purchased dwelling is not a qualifying dwelling if it is subsidiary to any of the other purchased dwellings.E+W
(2)For the purposes of this paragraph, one of the purchased dwellings (““dwelling A””) is subsidiary to another of the purchased dwellings (““dwelling B””) if—
(a)dwelling A is situated within the grounds of, or within the same building as, dwelling B, and
(b)the amount of the chargeable consideration for the transaction which is attributable on a just and reasonable basis to dwelling B is equal to, or greater than, two thirds of the amount of the chargeable consideration for the transaction which is attributable on a just and reasonable basis to the following combined—
(i)dwelling A,
(ii)dwelling B, and
(iii)each of the other purchased dwellings (if any) which are situated within the grounds of, or within the same building as, dwelling B.
Modifications etc. (not altering text)
Commencement Information
Yn ôl i’r brig