Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 Schedule 8 paragraph 10

Settlement agreements, reviews and appeals involving trustees

Schedule 8 paragraph 10 sets out the rules governing how trustees collectively engage with the dispute resolution and appeals process for land transactions, including settlement agreements, reviews by the Welsh Revenue Authority (WRA), and tribunal appeals.

• All relevant trustees must agree before a settlement agreement with WRA can be entered into for the transaction.
• Any individual trustee may request a WRA review of an appealable decision, and WRA must notify all other known trustees of the review and its conclusions.
• Any trustee may bring an appeal to the tribunal, and WRA must notify all other known trustees who are not bringing the appeal; any trustee is entitled to join as a party.
• The conclusions of a WRA review and the determination of a tribunal appeal are binding on all relevant trustees, regardless of whether they participated.