Legislative provisions

The buyer in a notifiable land transaction (for which see ¶313-200) must make a return to WRA.

If the transaction is a chargeable transaction, the return must include a self-assessment of the tax.

The return must be made before the end of the period of 30 days, beginning with the day after the effective date of the transaction

(s. 44).

Example

Xanthippe acquires her new home and has no interest in any other dwelling. The effective date of the transaction is 7 April 2020. The date 30 days from 8 April is 7 May. Xanthippe therefore has until midnight on 7 May 2020 to file her return and pay any tax due.

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