# Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017, Paragraph 2


A sale and leaseback arrangement is an arrangement under which—
(a) a person (““A””) transfers or grants to another person (““B””) a major interest in land (the ““sale””), and
(b) out of that interest B grants a lease to A (the ““leaseback””).

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Source: https://www.legislation.gov.uk/anaw/2017/1/schedule/9/paragraph/2 (the official version)
Page: https://openlegislation.uk/land-transaction-tax-and-anti-avoidance-of-devolved-taxes-wales-act-2017/schedule-9/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.