Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 section 44

Duty to make a return

Section 44 sets out the obligation on buyers to file a return with the Welsh Revenue Authority (WRA) following a notifiable land transaction, including the deadline for filing and the requirement to include a self-assessment where tax is due.

• The buyer in a notifiable land transaction must submit a return to WRA.
• The return must be filed within 30 days, starting from the day after the effective date of the transaction.
• If the transaction is chargeable to land transaction tax, the return must include a self-assessment of the tax due.
• A self-assessment is the buyer's own calculation of the tax chargeable, based on the information provided in the return.