Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 section 33

Companies

Section 33 defines what a "company" means for Land Transaction Tax purposes and sets out who is responsible for carrying out the company's obligations under the tax.

• A "company" means any body corporate or unincorporated association, but expressly excludes partnerships.
• A company acts through its "proper officer" — normally the secretary (for a body corporate) or the treasurer (for an unincorporated association), unless a liquidator or administrator has been appointed, in which case they become the proper officer.
• Where no liquidator has been appointed, another person with express, implied or apparent authority may also act on the company's behalf for LTT purposes.
• The Welsh Ministers have a regulation-making power to make further provision about how LTT applies to companies, including the power to amend or repeal existing legislation.