PART 2 E+W THE TAX AND KEY CONCEPTS

CHAPTER 1 E+W LAND TRANSACTION TAX

2 Land transaction tax E+W

(1) A tax (to be known as “"land transaction tax””) is to be charged on land transactions.

(2) The tax is chargeable—

(a) whether or not there is an instrument effecting the transaction,

(b) if there is such an instrument, regardless of where it is executed, and

(c) regardless of where any party to the transaction is or is resident.

(3) The Welsh Revenue Authority (““WRA””) is to be responsible for the collection and management of the tax.

Commencement Information

I1 S. 2 in force at 1.4.2018 by S.I. 2018/34, art. 3