Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 section Schedule 13 paragraph 7

Calculating the tax related to the remaining consideration

Schedule 13 paragraph 7 explains how to calculate the tax due on the non-dwelling part of a transaction (such as commercial land or gardens beyond the grounds) when multiple dwellings relief is claimed.

• The tax on the remaining (non-dwelling) consideration is a fraction of the total tax that would normally be due on the whole transaction without the relief.
• The fraction is calculated as: remaining consideration divided by (total dwellings consideration plus total remaining consideration).
• For a standalone transaction, the total remaining consideration is simply the remaining consideration for that transaction.
• For linked transactions, the total remaining consideration is the total chargeable consideration for all linked transactions minus the total dwellings consideration across those transactions.