Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 Schedule 13 paragraph 1

Introduction to multiple dwellings relief

Schedule 13 paragraph 1 introduces the schedule that provides relief where a land transaction involves the acquisition of more than one dwelling.

• Schedule 13 deals specifically with relief for transactions involving multiple dwellings.
• The relief applies where two or more dwellings are acquired in a single transaction or as part of linked transactions.
• The purpose of the relief is to reduce the overall Land Transaction Tax liability when multiple dwellings are purchased together.
• This opening paragraph serves as the introductory framework for the detailed rules that follow in the remainder of the schedule.