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

Interpretation

2 In this Schedule—

• “alternative finance investment bond” (“bond buddsoddi cyllid arall”) means arrangements to which section 564G of the Income Tax Act 2007 (c. 3) (investment bond arrangements) applies;

• “arrangements” (“trefniadau”) includes any agreement, understanding, scheme, transaction or series of any of those things (whether or not legally enforceable);

• “bond assets” (“asedau bond”), “bond-holder” (“deiliad bond”), “bond-issuer” (“dyroddwr bond”) and “capital” (“cyflafaf”) have the meaning given by section 564G of the Income Tax Act 2007 (c. 3);

• “prescribed” (“rhagnodedig”) means prescribed in regulations made by the Welsh Ministers;

• “qualifying interest” (“buddiant cymwys”) means a major interest in land other than a lease for a term of 21 years or less.