Section 63A Claim for relief in respect of land transaction tax: regulations ceasing to have effectF1

If—

the buyer in the transaction may make a claim to WRA for the discharge or repayment of the amount of land transaction tax that would not have been chargeable had the rejected regulations not been made.

Where WRA decides to give effect to a claim under subsection (1) it must also discharge or repay any penalty or interest related to the amount of tax discharged or repaid.

Any penalty or interest is related to an amount of tax for this purpose to the extent that it—

A claim under subsection (1) must be made before the end of the period of 12 months beginning with the later of—

A claim under subsection (1) is to be treated as if it were an amendment made under section 41 to the assessment of tax chargeable contained in a tax return.

In this section—

• “"chargeable transaction”” (“"trafodiad trethadwy”") has the meaning given by section 17 of LTTA;

• “"rejected regulations”” (“"rheoliadau a wrthodir”") has the meaning given by section 26(1)(a) of that Act.