Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 Schedule 15 para 19

Registered social landlord relief

Schedule 15 paragraph 19 sets out the circumstances in which a land transaction by a registered social landlord is relieved from land transaction tax.

• A registered social landlord is relieved from land transaction tax if it is controlled by its tenants, meaning the majority of its board members are tenants of properties it owns or manages.
• Relief also applies where the seller is a qualifying body, which includes another registered social landlord, a county or county borough council, a county or district council, or the Welsh Ministers.
• Relief is available where the transaction is funded with the assistance of a public subsidy, such as National Lottery distributions, social housing grants from the Welsh Ministers, or financial assistance for regeneration and development.
• The definition of "board member" varies depending on the legal structure of the registered social landlord and covers directors, members, trustees, or members of a management committee as appropriate.