17Information on Welsh land transactions
(1)In Part 4A of GOWA 2006 (as inserted by section 6), in Chapter 3 (inserted by section 15), after section 116L insert—
“116MDuty to disclose information on Welsh land transactions to HMRC
(1)A person who is a member of the Welsh Government must provide to HMRC such of the information falling within subsection (2) as HMRC may require.
(2)Information falls within this subsection if it—
(a)is relevant information in relation to a Welsh land transaction, and
(b)is in the possession or under the control of the person.
(3)“Relevant information”, in relation to a Welsh land transaction, means information which—
(a)corresponds to any of the particulars which would be required under Schedule 2 to the Finance Act 1931, but for section 28(3)(c) of that Act, or
(b)uniquely identifies, or assists in uniquely identifying, any person who gives consideration for, or is a party to, the transaction.
(4)Information is to be provided under subsection (1) in such form as HMRC may reasonably specify.
(5)Information acquired by HMRC under this section is to be treated, for the purposes of the Commissioners for Revenue and Customs Act 2005, as acquired in connection with a function of theirs.
(6)In this section, “HMRC” means Her Majesty’s Revenue and Customs.”
(2)This section has effect in relation to land transactions in relation to which section 16 has effect.