Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 section Schedule 15 paragraph 18

Rent to mortgage transactions (repealed)

Schedule 15 paragraph 18 previously set out rules for determining the chargeable consideration in rent to mortgage transactions, but has been repealed in its entirety.

• This paragraph originally dealt with the land transaction tax treatment of rent to mortgage transactions.
• The entire paragraph was repealed by the Abolition of the Right to Buy and Associated Rights (Wales) Act 2018 (Consequential Amendments and Savings Provisions) Regulations 2019.
• The repeal reflects the wider abolition of the right to buy and associated rights for social housing tenants in Wales.
• Since the right to buy scheme no longer operates in Wales, the tax provisions relating to rent to mortgage transactions are no longer needed.