Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 section Schedule 16 paragraph 2

Group relief from land transaction tax

Schedule 16 paragraph 2 provides that land transactions between companies in the same group can be relieved from land transaction tax.

• A land transaction between two companies in the same group is relieved from land transaction tax, provided both companies are group members at the effective date of the transaction.
• This relief is formally known as "group relief" throughout the Schedule.
• Group relief is not automatic in all cases — it is subject to restrictions on availability set out elsewhere in the Schedule.
• Even where group relief is initially granted, it can be withdrawn in certain circumstances, including where there are subsequent changes in group membership or successive transactions.