Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 Schedule 18 paragraph 3

Charity relief from land transaction tax

Schedule 18 paragraph 3 provides that a land transaction is exempt from land transaction tax where the buyer is a qualifying charity, but notes that this relief may be withdrawn in certain circumstances.

• A land transaction is relieved from land transaction tax when the buyer is a qualifying charity.
• The relief applies to the full amount of tax that would otherwise be due on the transaction.
• The relief is not unconditional — it can be withdrawn under the provisions set out in paragraph 4 of Schedule 18.
• To benefit from this relief, the buyer must meet the definition of a "qualifying charity" as set out elsewhere in the Act.