FTT releases decision in the first substantive Welsh Land Transaction Tax case.

Sarah Black 11 New Square

”The FTT dismissed an appeal against a closure notice issued by the Welsh Revenue Authority in the first substantive case relating to Land Transaction Tax and the application of the higher rate. The FTT also determined that the relevant notices had been validly issued in the context of joint buyers.

Sarah Black acted for the Welsh Revenue Authority. The judgment can be found here : James v WRA [2022] UKFTT 00271 (TC).”