Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 section 52

Power to amend period in which returns must be made

Section 52 gives the Welsh Ministers the power to change, by regulations, the filing deadlines for land transaction tax returns across a range of circumstances.

• The Welsh Ministers can use regulations to alter the time periods within which LTT returns must be filed.
• This power covers the standard return filing deadline, as well as deadlines for returns triggered by contingencies being resolved, consideration being finalised, reliefs being withdrawn, or later linked transactions.
• The power also extends to return deadlines connected with higher rates residential property transactions and various lease-related returns, including leases that continue beyond a fixed term, indefinite leases, and rent reconsiderations.
• Any new deadline set by regulations simply replaces the existing period specified in the relevant provision.