Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 Schedule 18 para 1

Charities relief — overview of Schedule 18

Schedule 18 paragraph 1 provides an overview of how the charities relief schedule is organised, setting out its structure and the topics covered by each paragraph.

• The schedule defines key terms and explains what "charity" means for charities relief purposes, including specific conditions a body must meet.
• Full relief from land transaction tax is available where a charity is the buyer, subject to qualifying conditions — and the schedule sets out when that relief can be withdrawn.
• Where a charity does not meet the main qualifying conditions, an alternative relief may still be available if other criteria are satisfied.
• Partial relief applies where a charity and a non-charity buy land together, with separate provisions for withdrawal of that partial relief and for charitable trusts.

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