Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 section Schedule 1 paragraph 1

Guide to the Schedules

Schedule 1, paragraph 1 provides a roadmap to the Schedules of the Act, explaining how they are organised and what each Schedule or group of Schedules covers.

• Schedules 2 to 4 deal with key concepts: pre-completion transactions, exempt transactions, and chargeable consideration.
• Schedules 5 and 6 cover higher rates for residential property and the application of the Act to leases respectively.
• Schedules 7 to 8 address how the Act applies to partnerships and trusts, while Schedules 9 to 22 set out the various reliefs available from land transaction tax.
• Schedule 23 makes amendments to the Tax Collection and Management (Wales) Act 2016.