Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 (anaw1)

SCHEDULE 21 E+W COMPULSORY PURCHASE RELIEF AND PLANNING OBLIGATIONS RELIEF

Relief for compulsory purchase facilitating development E+W

1 (1) A compulsory purchase facilitating development is relieved from tax. E+W

(2) In this paragraph—

• “"compulsory purchase facilitating development”” (“"pryniant gorfodol sy'n hwyluso datblygiad”") means a land transaction under which the buyer acquires a chargeable interest pursuant to a compulsory purchase order made by the buyer for the purpose of facilitating development by another person;

• “"development”” (“"datblygiad”") has the meaning given by the Town and Country Planning Act 1990 (c. 8) (see section 55 of that Act).

(3) For the purposes of sub-paragraph (2), it does not matter how the acquisition is effected (so that the provision applies where the acquisition is effected by agreement).

Commencement Information

I1 Sch. 21 para. 1 in force at 1.4.2018 by S.I. 2018/34, art. 3