Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 section Schedule 21A para 12

Partial disposal of qualifying land during the control period

Schedule 21A paragraph 12 deals with what happens to the special tax site relief withdrawal rules when the buyer disposes of only part of the qualifying land during the control period, rather than all of it.

• This provision applies when a buyer gives up their chargeable interest in only a portion of the qualifying land during the three-year control period.
• Where a partial disposal occurs, the withdrawal of relief rules and the control period rules are adjusted so they apply only to the land the buyer still holds.
• The land the buyer retains does not have to be the same chargeable interest originally acquired — it can be any chargeable interest in the remaining qualifying land.
• This ensures that relief is not automatically withdrawn in full simply because the buyer has disposed of part of the site, focusing the ongoing obligations on the retained portion only.