Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 section Schedule 22 paragraph 7

Relief for trunk road land transactions

Schedule 22 paragraph 7 provides a land transaction tax relief for land transactions involving trunk roads or proposed trunk roads where the Welsh Ministers or the Secretary of State is a party to the transaction.

• Land transactions involving trunk roads or proposed trunk roads are relieved from land transaction tax where the Welsh Ministers or the Secretary of State is a party.
• The relief applies only where the land relates to a highway or proposed highway that is, or will become, a trunk road.
• The tax that would otherwise be payable must be an expense incurred under the Highways Act 1980 by the Welsh Ministers or the Secretary of State.
• The terms "highway", "proposed highway" and "trunk road" take their meanings from the Highways Act 1980.