Welsh land transaction tax technical guidance

The Welsh Revenue Authority (WRA) has updated two chapters of its land transaction tax (LTT) guidance. These chapters concern:

• ‘Cross-border and cross-title transactions’, covering apportionment of ‘multiple property’ transactions falling within more than one tax jurisdiction, or single ‘cross-title’ transactions that include land on both sides of the Welsh-English border; and
• ‘Transitional’, covering the transition from SDLT to LTT for land transactions in Wales from 1 April 2018 onwards.