Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 section 29

Treatment of non-major interests in dwellings held through bare trusts and settlements for higher rates purposes

Schedule 5, paragraph 29 clarifies that where a transaction involves an interest other than a major interest in a dwelling — but that interest is held through a bare trust or settlement — the transaction is nevertheless treated as involving a major interest for the purposes of the higher rates of Land Transaction Tax.