Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 section 63

Failure to comply with WRA's agreement to defer

Section 63 explains what happens when a buyer fails to comply with the conditions of a tax deferral agreement, or has provided false or misleading information in connection with the deferral.

• If the Welsh Revenue Authority (WRA) believes the buyer has breached a condition attached to the deferral agreement (whether an original or varied condition), the deferral is cancelled retrospectively.
• The deferral is also cancelled if the buyer provided false or misleading information, or withheld information, in connection with the original deferral request or any subsequent variation request.
• When a deferral is cancelled, it is treated as though it had never been made — meaning the full tax becomes payable from the original due date, and late payment interest accrues from that date.
• The WRA must issue a formal notice to the buyer confirming the cancellation and setting out its consequences.