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Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 section Schedule 7 paragraph 41
Reduction of tax charge where a connected company is in the same group as the original owner
Schedule 7, paragraph 41 provides a reduction in the land transaction tax charge when a chargeable interest is transferred into a partnership, and a connected company that is in the same corporate group as the original owner would have been treated as a corresponding partner but for the rule that only connected individuals (not companies) count for that purpose.
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