Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 section 30

Reliefs

Section 30 provides a comprehensive directory of all the reliefs available under the Land Transaction Tax regime in Wales, explains how they work, and sets out the rules for claiming them.

• A wide range of LTT reliefs are available across 15 schedules, covering areas such as group relief, charities relief, social housing, sale and leaseback, alternative finance, compulsory purchase, and special tax sites.
• Some reliefs remove the tax charge entirely (so the transaction is not a chargeable transaction at all), while others reduce the amount of tax payable on a transaction that remains chargeable.
• Nearly all reliefs must be claimed in the first LTT return for the transaction (or in an amendment to that return), with the sole exception being relief for visiting forces and international military headquarters, which can also be claimed later via a repayment claim with no time limit.
• The Welsh Ministers have the power to add new reliefs, modify existing ones, or remove reliefs entirely by making regulations that amend the Act.