SCHEDULES
SCHEDULE 2Welsh tax on land transactions: consequential amendments
Finance Act 1931
I11
1
Section 28 of the Finance Act 1931 (production to Commissioners of instruments transferring land) is amended as follows.
2
In subsection (3), at the end of paragraph (c) add “
or a Welsh transaction
”
.
3
After subsection (3A) insert—
3B
In subsection (3) “Welsh transaction” means the acquisition of—
a
an estate, interest, right or power in or over land in Wales, or
b
the benefit of an obligation, restriction or condition affecting the value of any such estate, interest, right or power.