The Land Transaction Tax (Modification of Special Tax Sites Relief) (Wales) Regulations 2025

Modification of relief for special tax sites

2.—(1) Schedule 21A to the Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 is amended as follows.

(2) For paragraph 2 (meaning of special tax site) substitute—

“2.   In this Schedule, “special tax site” means the areas designated as special areas by—

(a) the Designation of Special Tax Sites (Celtic Freeport) Regulations 2024 (S.I. 2024/1035) as made on 16 October 2024;

(b) the Designation of Special Tax Sites (Anglesey Freeport) Regulations 2024 (S.I. 2024/1286) as made on 4 December 2024.”

(3) In paragraph 5 (meaning of relief period)—

(a) the words “the period beginning with 26 November 2024 and ending with 30 September 2029.” become sub-paragraph (a);

(b) in sub-paragraph (a), at the beginning insert “in so far as the reference relates to the special tax site mentioned in paragraph 2(a),”;

(c) after sub-paragraph (a) insert—

“(b) in so far as the reference relates to the special tax site mentioned in paragraph 2(b), the period beginning with 23 January 2025 and ending with 30 September 2029.”