Status:
Point in time view as at 06/04/2022. 
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: Assignment of agreement for lease.

Changes to Legislation
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
Assignment of agreement for leaseE+W
21(1)This paragraph applies where a person (““P””) assigns P's interest as tenant under an agreement for lease.E+W
(2)Where this paragraph applies Schedule 2 (transactions entered into before completion of contract) does not apply.
(3)If the assignment occurs without the agreement having been substantially performed, section 10 (contract and transfer) has effect as if—
(a)the agreement were with the assignee (““A””) and not P, and
(b)the consideration given by A for entering into the agreement included any consideration given by A for the assignment.
(4)If the assignment occurs after the agreement has been substantially performed—
(a)the assignment is a separate land transaction, and
(b)the effective date of that transaction is the date of the assignment.
(5)Where there are successive assignments, this paragraph has effect in relation to each one of them.
Yn ôl i’r brig