http://www.legislation.gov.uk/anaw/2017/1/schedule/15/paragraph/13
Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017
An Act of the National Assembly for Wales to make provision about the taxation of land transactions; to amend the Tax Collection and Management (Wales) Act 2016 (anaw 6) to make provision about counteracting avoidance of devolved taxes; to make other amendments to that Act; and for connected purposes.
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Statute Law Database
2024-04-02
Expert Participation
2022-09-09
SCHEDULE 15RELIEF FOR CERTAIN TRANSACTIONS RELATING TO SOCIAL HOUSING
PART 4SHARED OWNERSHIP TRUSTS
Shared ownership trust transfer upon termination
I113
The transfer to the buyer of an interest in the trust property upon the termination of the trust is relieved from tax if—
a
an election has been made under paragraph 12, and
b
any tax chargeable in respect of the declaration of the shared ownership trust has been paid.