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Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 section Schedule 15 paragraph 3
Shared ownership leases — election to charge tax on market value
Schedule 15 paragraph 3 allows the buyer of a shared ownership lease granted by a qualifying body to elect for land transaction tax to be calculated on the stated market value (or a sum derived from it) rather than on the rent and premium separately.
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