# Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017, Paragraph 1


(1) A compulsory purchase facilitating development is relieved from tax.
(2) In this paragraph—
“"compulsory purchase facilitating development”” (“"pryniant gorfodol sy'n hwyluso datblygiad”") means a land transaction under which the buyer acquires a chargeable interest pursuant to a compulsory purchase order made by the buyer for the purpose of facilitating development by another person;
“"development”” (“"datblygiad”") has the meaning given by the Town and Country Planning Act 1990 (c. 8) (see section 55 of that Act).
(3) For the purposes of sub-paragraph (2), it does not matter how the acquisition is effected (so that the provision applies where the acquisition is effected by agreement).

---
Source: https://www.legislation.gov.uk/anaw/2017/1/schedule/21/paragraph/1 (the official version)
Page: https://openlegislation.uk/land-transaction-tax-and-anti-avoidance-of-devolved-taxes-wales-act-2017/schedule-21/paragraph-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.