Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 section Schedule 22 paragraph 1

Relief for lighthouse transactions

Schedule 22 paragraph 1 provides a full relief from land transaction tax for land transactions carried out by or on behalf of the Secretary of State in connection with lighthouses under the Merchant Shipping Act 1995.

• Land transactions related to lighthouses may qualify for full relief from land transaction tax.
• The transaction must be entered into by the Secretary of State, or carried out under the Secretary of State's direction.
• The purpose of the transaction must be to carry into effect the lighthouse provisions of the Merchant Shipping Act 1995 (Part 8).
• Where the conditions are met, no land transaction tax is payable on the transaction.