# Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017, Paragraph 9A


(1) This paragraph applies to a transaction (“the acquisition transaction”)—
(a) that is a higher rates residential property transaction under paragraph 3,
(b) the effective date of which is during the period beginning with 13 February 2026 and ending with 31 March 2031, and
(c) the chargeable consideration for which is £400,000 or less.
(2) The acquisition transaction ceases to be a higher rates residential property transaction under paragraph 3 if—
(a) in another transaction (“the disposal transaction”) the buyer in the acquisition transaction grants a lease of the purchased dwelling (“the leased dwelling”) to a local authority,
(b) the lease is for a term of at least 5 years but not more than 20 years,
(c) the rent payable under the lease is no greater than the maximum local housing allowance applicable at the effective date of the disposal transaction in respect of the leased dwelling, and
(d) the effective date of the disposal transaction is during the period of 18 months beginning with the effective date of the acquisition transaction.
(3) If the lease granted in the disposal transaction is terminated by the buyer in the acquisition transaction before the 5th anniversary of the effective date of the disposal transaction, sub-paragraph (2) is treated as if it never applied to the acquisition transaction.
(4) For further provision in connection with—
(a) a transaction to which sub-paragraph (2) applies, see paragraph 23A;
(b) a transaction to which sub-paragraph (3) applies, see paragraph 23B.
(5) For the purposes of sub-paragraph (2), paragraph 20(1) of Schedule 6 (agreement for lease that is substantially performed is treated as a grant of a lease) does not apply.

---
Source: https://www.legislation.gov.uk/anaw/2017/1/schedule/5/paragraph/9A (the official version)
Page: https://openlegislation.uk/land-transaction-tax-and-anti-avoidance-of-devolved-taxes-wales-act-2017/schedule-5/paragraph-9A
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.