Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 section 70

Inserting definitions into the Tax Collection and Management (Wales) Act 2016

Section 70 of Schedule 23 adds several new defined terms into the interpretation section of the Tax Collection and Management (Wales) Act 2016, ensuring that key land transaction tax concepts are properly cross-referenced.

• New definitions are inserted into section 192(2) of the Tax Collection and Management (Wales) Act 2016, which is the general interpretation section for that Act.
• The terms "buyer" and "land transaction" are defined by reference to the Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 (LTTA), meaning they carry the same meaning as used in that Act.
• Abbreviations are formally defined: "LTTA" refers to the Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017, and "TCEA" refers to the Tribunals, Courts and Enforcement Act 2007.
• A new collective term, "the Welsh Tax Acts", is defined to mean both the Tax Collection and Management (Wales) Act 2016 itself and the LTTA together.

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