Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 section 62

Variation of deferral requests

Section 62 deals with how a buyer can request changes to a tax deferral arrangement that the Welsh Revenue Authority (WRA) has already agreed to.

• Once WRA has agreed to defer tax, the buyer can ask to change the expected end date or to vary or remove conditions attached to the deferral.
• Any such request must explain what change in circumstances justifies the proposed amendment.
• WRA may agree to the buyer's request, or it may agree to a different end date or a different variation of conditions than those the buyer proposed.
• WRA must notify the buyer of its decision and provide reasons for that decision.