Amendment of the Land Transaction Tax (Tax Bands and Tax Rates) (Wales) Regulations 20184.

(1)

The Land Transaction Tax (Tax Bands and Tax Rates) (Wales) Regulations 2018 M1 are amended as follows.

(2)

In regulation 2—

(a)

the existing text becomes paragraph (1);

(b)

at the beginning of paragraph (1), insert “ Subject to paragraph (2), ”;

(c)

after paragraph (1) insert—

“(2)

These Regulations do not have effect in relation to any chargeable transaction that is subject to the Land Transaction Tax (Temporary Variation of Rates and Bands for Residential Property Transactions) (Wales) Regulations 2020.”