Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 section 39

Joint buyers: enquiries and assessments

Section 39 sets out how the Welsh Revenue Authority must handle enquiries, determinations and assessments when a land transaction involves more than one buyer.

• When WRA opens an enquiry into a return involving joint buyers, it must send the enquiry notice and any closure notice to every buyer whose identity it knows.
• WRA may use its information-gathering powers separately against each individual buyer, meaning it can request different documents or information from each one.
• Any WRA determination of tax where no return has been filed must be made against all the buyers jointly, and is only effective if notice is sent to every buyer known to WRA.
• Any WRA assessment for loss of tax or recovery of excessive repayment must likewise cover all the buyers and is only effective if notice is sent to every known buyer.