Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 Schedule 10 paragraph 1

Alternative property finance arrangements: introduction and overview

Schedule 10, paragraph 1 introduces the relief available for certain land transactions that are connected to alternative property finance arrangements, and sets out how the Schedule is organised.

• Schedule 10 provides relief from land transaction tax for certain transactions linked to alternative property finance arrangements.
• Part 2 of the Schedule specifies the circumstances in which qualifying transactions are relieved from tax.
• Part 3 sets out the circumstances in which relief is not available.
• Parts 4 and 5 deal with the treatment of interests held by financial institutions as exempt interests, and define key terms used throughout the Schedule.