{
  "url": "https://openlegislation.uk/land-transaction-tax-transitional-provisions-wales-regulations-2018/regulation-12",
  "json_url": "https://openlegislation.uk/land-transaction-tax-transitional-provisions-wales-regulations-2018/regulation-12.json",
  "legislation": "wsi/2018/126",
  "legislation_title": "The Land Transaction Tax (Transitional Provisions) (Wales) Regulations 2018",
  "legislation_url": "https://openlegislation.uk/land-transaction-tax-transitional-provisions-wales-regulations-2018",
  "path": "regulation/12",
  "kind": "regulation",
  "number": "12",
  "heading": "Higher rates residential property transactions – replacement of main residence exception",
  "text": "(1) This regulation applies to a transaction the effective date of which is, or is earlier than, 26 November 2018.\n(2) For the purpose of determining whether such a transaction is a higher rates residential property transaction, Schedule 5 to the LTT Act applies with the following modifications—\n(a) paragraph 8(2)(b) has effect as if for “during the period of 3 years ending with” there were substituted “ the same as or earlier than ”;\n(b) paragraph 8(2)(d) has effect as if for “during the period of 3 years referred to in paragraph (b)” there were substituted “ before the effective date of the transaction concerned ”;\n(c) paragraph 17(2)(b) has effect as if for “during the period of 3 years ending with” there were substituted “ the same as or earlier than ”; and\n(d) paragraph 17(2)(d) has effect as if for “during the period of 3 years referred to in paragraph (b)” there were substituted “ before the effective date of the transaction concerned ”.",
  "extent": "E+W",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/wsi/2018/126/regulation/12",
    "retrieved_at": "2026-10-28T23:24:10.253448+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}