# Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017, Paragraph 44


(1) A transaction which is a chargeable transaction by virtue of paragraph 18 or 34 (transfer of partnership interest) is a notifiable transaction only if the chargeable consideration for the transaction exceeds the zero rate threshold.
(2) The chargeable consideration for a transaction exceeds the zero rate threshold if it includes—
(a) any amount in respect of which tax is chargeable at a rate of more than 0%, or
(b) any amount in respect of which tax would be so chargeable but for a relief.

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Source: https://www.legislation.gov.uk/anaw/2017/1/schedule/7/paragraph/44 (the official version)
Page: https://openlegislation.uk/land-transaction-tax-and-anti-avoidance-of-devolved-taxes-wales-act-2017/schedule-7/paragraph-44
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.