Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 section 56

Liability for tax

Section 56 establishes who is responsible for paying land transaction tax on a chargeable transaction.

• The buyer in a chargeable land transaction is the person liable to pay the land transaction tax.
• The buyer is treated as the person chargeable to tax for the purposes of the Tax Collection and Management (Wales) Act.
• Where there are joint buyers, specific rules on liability apply under the joint buyers provisions, as well as rules for partnerships and trusts.
• Partnership and trust transactions have their own detailed liability rules set out in separate schedules.