A ganiateir cyfnod hirach na'r tair blynedd arferol ar gyfer gwaredu cyn-brif breswylfa o dan dreth trafodiadau tir ar y sail bod COVID-19 a'r cyfyngiadau a roddwyd ar waith wedi cael effaith andwyol sylweddol ar allu prynwyr i waredu eiddo?
New rules came into force on 12 July this year allowing the 3-year period to be extended in cases where transactions are prevented due to emergency restrictions or impeded due to issues related to fire safety defects.
Qualifying circumstances and criteria apply, and are set out in the Explanatory Memorandum: Explanatory Memorandum to The Land Transaction Tax and Anti-Avoidance of Devolved Taxes (Wales) Act 2017 (Amendments to Schedule 5) Regulations 2024.
These rules do not apply to transactions delayed by the emergency restrictions during the Covid-19 pandemic, as there was sufficient time following the lifting of those restrictions to allow buyers to dispose of properties and benefit from the existing higher residential rates refund and exception rules.