Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 section Schedule 2 paragraph 15

Minimum consideration rule for pre-completion transactions between connected parties

Schedule 2 paragraph 15 introduces a minimum consideration rule that applies when a pre-completion transaction (either an assignment of rights or a free-standing transfer) results in the transferee acquiring or being treated as acquiring a chargeable interest, and the parties are connected or not dealing at arm's length.