Night time economy framework »The framework aims to help develop a sustainable, healthy and safe night time economy in Wales.Learn more »
New £13m ALN School opened
A new 100 place school for pupils with additional learning needs (ALN) has been officially opened by the Minister for Lifelong Learning and Welsh Language, Alun Davies.
- Finance trilateral meeting - UK Government must give greater clarity about budgets
- Cabinet Secretary welcomes positive response to EIDCymru
Featured Article »£40m available for research and innovation proposals
- New £13m ALN School opened
Section highlightLandfill Disposals Tax Communities Scheme
The scheme will support local community and environmental projects in areas affected by the disposal of waste to landfill.
Final Budget 2017-18 »
The amount of funding allocated to Welsh Government Main Expenditure Groups (MEGs) for 2017-18 is £15bn.Learn more »
- Statistics & Research
Land Transaction Tax
Like SDLT, LTT will be payable when you buy or lease a building or land over a certain price. It may affect house buyers and sellers and businesses including builders, property developers and agents involved in the transaction process (such as solicitors and conveyancers).
The legislation will broadly be consistent with SDLT, preserving the underlying structure and mirroring key elements such as partnerships, trusts and reliefs, to provide stability and reassurance to businesses and the property market.
Rates of the new tax
Decisions on tax rates will be made closer to April 2018 to reflect economic conditions at that time. The research paper ‘Land Transaction Tax: Setting rates and bands’ outlines some of the issues in setting the rates and bands for LTT.
Additional residential properties
Higher rates of Stamp Duty Land Tax on purchases of additional residential properties (including second homes) came into effect on 1 April 2016.
Following a technical consultation carried out in Wales between July and August 2016, the higher rates will also apply in Wales as part of the LTT legislation.
The bill was introduced into the National Assembly on 12 September 2016.
It is expected that the bill will receive Royal Assent by spring 2017.
Information on the scrutiny of the bill is available at National Assembly for Wales (external link).