Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 section Schedule 21A para 6

Full relief from tax where all consideration is for qualifying land

Schedule 21A paragraph 6 provides that a land transaction is fully relieved from land transaction tax where the entire consideration relates to qualifying land and the transaction falls within the relief period.

• The paragraph applies where 100% of the chargeable consideration is attributable to qualifying land.
• The transaction must take place within the designated relief period to qualify.
• Where both conditions are met, the land transaction is completely relieved from land transaction tax — meaning no tax is payable.
• This is an all-or-nothing provision: if any part of the consideration relates to non-qualifying land, this full relief does not apply (though partial relief under other paragraphs may be available).