Article 2 Provisions coming into force on 18 October 2017

The appointed day for the following provisions of the Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 coming into force is 18 October 2017—

(a)

section 9(6) (land partly in Wales and partly in England);

(b)

section 24 (regulations specifying tax bands and tax rates) to the extent necessary for the purpose of making regulations under subsections (1) and (11);

(c)

section 25 (procedure for regulations specifying tax bands and tax rates);

(d)

section 30(1) (reliefs) in so far as it relates to the paragraphs of Schedule 11 (relief for alternative finance investment bonds) referred to in paragraph (e);

(e)

in Schedule 11—

(i)

paragraph 2 (interpretation);

(ii)

paragraph 9(1) (condition 4) to the extent necessary for the purpose of making regulations;

(iii)

paragraph 16 (discharge of charge when conditions for relief met) to the extent necessary for the purpose of making regulations;

(iv)

paragraph 18(4)(a) and (5) (replacement of asset) to the extent necessary for the purpose of making regulations;

(f)

section 32(2) (leases) in so far as it relates to paragraphs 28 and 36(1)(b) of Schedule 6 (leases);

(g)

in Schedule 6—

(i)

paragraph 28 (tax rates and bands: rent element of non-residential and mixed leases);

(ii)

paragraph 36(1)(b) (relevant rent) to the extent necessary for the purpose of making regulations;

(h)

section 65(5), (6) and (7)(b) (registration of land transactions);

(i)

section 76 (amendments to TCMA) in so far as it relates to paragraph 8 of Schedule 23 (amendments to the Tax Collection and Management (Wales) Act 2016^f1); and

(j)

paragraph 8 of Schedule 23.

Annotations

Footnotes

f1: 2016 anaw 6.