![]() ![]() There is considerable alignment between the two regimes as it was recognised that significant differences might distort the property market. The Environment (Wales) Act 2016 was enacted (among other things) to promote sustainable management of natural resources.Ĭertain taxes are devolved and, having purchased a site, the transaction will be subject to land transaction tax, introduced in April 2018 for transactions in Wales in place of stamp duty land tax and payable to the Welsh Revenue Authority rather than to HMRC. On the environmental front more generally, Wales is developing its own policies. For example, the principal body responsible for the regulation and protection of the environment in Wales is not the EnvironmentĪgency but Natural Resources Wales. On the other hand, when it comes to due diligence, some of the detail will differ. However, the reservation does not prevent Senedd Cymru (the Welsh parliament, formerly the National Assembly for Wales) from creating new local land charges for a devolved purpose. It also includes most matters relating to the keeping of the registers and associated matters, such as the provision of searches and information. The reservation extends to the registration of estates and interests in land under the Land Registration Act 2002, commonhold land and units, land charges and local land charges. In particular, land registration is one of the matters reserved to the UK parliament by the Government of Wales Act 2006 as amended by the Wales Act 2017 – this changed the basis of legislative competence in Wales from a “conferred powers” model to a “reserved powers” model. Site acquisitionĬonveyancing and registration processes are largely the same in England and Wales. This article aims to give a brief overview of some of those areas where England and Wales remain largely aligned and others where Wales is branching out on its own. ![]() It would be fair to say that those responses are “similar but slightly different” and the same could be said of areas of law and practice that impact on property development in Wales. The differing responses of the Welsh government and Westminster to the Covid-19 pandemic have been well-publicised, and have brought Welsh legal devolution into the public consciousness on both sides of the border. ![]()
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