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Paragraph 24 I1C1

(1)

This paragraph applies where by reason of the application of paragraph 9 or 18 a chargeable transaction (““the intermediate transaction””) is treated as a higher rates residential property transaction.

(2)

The intermediate transaction is treated as a higher rates residential property transaction for the purposes of this Act as from the end of the interim period that applies in accordance with paragraph 9(5) or 18(5).

(3)

The buyer in the intermediate transaction must make a return to WRA in respect of that transaction.

(4)

A return made under this paragraph must—

(a)

be made before the end of the period of 30 days beginning with the day after the end of the interim period that applies in accordance with paragraph 9(5) or 18(5), and

(b)

include a self-assessment.

Annotations

Modifications

C1

Sch. 5 applied (with modifications) (1.4.2018) by The Land Transaction Tax (Transitional Provisions) (Wales) Regulations 2018 (S.I. 2018/126), regs. 1(2), 12

Commencement

I1

Sch. 5 para. 24 in force at 1.4.2018 by S.I. 2018/34, art. 3