Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 Schedule 13 paragraph 2

Structure of the multiple dwellings relief schedule

Schedule 13 paragraph 2 provides a guide to the layout and contents of the multiple dwellings relief schedule, explaining what each subsequent paragraph covers.

• Paragraph 3 sets out which transactions qualify for this relief, and paragraph 4 defines the key terms used throughout the schedule.
• Paragraph 5 explains how the amount of LTT chargeable is determined when the relief is claimed.
• Paragraphs 6 and 7 provide the detailed calculation rules for the tax — splitting it between the dwelling element and any remaining consideration.
• Paragraph 8 allows certain buildings that have not yet been constructed or adapted to be treated as dwellings for the purposes of this relief.