Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 section 52

Schedule 7 paragraph 52: definition of "arrangements"

Paragraph 52 of Schedule 7 defines the term "arrangements" as used throughout the Schedule, by referring back to the definition in section 31(3) of the Act.

• The term "arrangements" is used in several anti-avoidance provisions within Schedule 7.
• Rather than providing its own definition, paragraph 52 adopts the meaning set out in section 31(3) of the Act.
• Under section 31(3), "arrangements" is defined broadly and includes any agreement, understanding, scheme, transaction, or series of transactions, whether or not legally enforceable.
• This wide definition ensures that informal or non-binding plans intended to circumvent the reliefs rules are caught, not just formal contractual arrangements.