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The Land Transaction Tax (Temporary Variation of Rates and Bands for Residential Property Transactions) (Wales) Regulations 2020

Consolidated Text As Enacted Cited authorities 2 Cited in Related
Vincent
JurisdictionWales
CitationSI 2020/794 (W174)
Year2020
(1) The title of these Regulations is the Land Transaction Tax (Temporary Variation of Rates and Bands for Residential Property Transactions) (Wales) Regulations 2020.(2) These Regulations come into force on 27 July 2020.(3) In these Regulations, “the LTT Act” means the Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017.(4) Words and expressions used in these Regulations have the same meaning as they have in the LTT Act.is a residential property transaction, andhas an effective date on or after 27 July 2020, but before F41 July 2021.as a result of section 10(4) of the LTT Act, the effective date of the transaction falls on or after 27 July 2020 but before F41 July 2021, andthe contract concerned is completed by a transfer on or after F41 July 2021.(3) Where this paragraph applies, section 10(5) (b) of the LTT Act does not apply in relation to that transfer if the sole reason that (but for this regulation) it would have applied is that the modifications made by these Regulations have no effect in relation to that transfer.

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