Finance

New Publication: Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Bill – Summary of changes at Stage 2

The Land Transaction and Anti-avoidance of Devolved Taxes (Wales) Bill (‘the Bill’) was laid before the Assembly on 12 September 2016. The Bill was introduced in plenary by Mark Drakeford, the Cabinet Secretary for Finance and Local Government, on 13 September 2016.

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The Land Transaction and Anti-avoidance of Devolved Taxes (Wales) Bill (‘the Bill’) was laid before the Assembly on 12 September 2016. The Bill was introduced in plenary by Mark Drakeford, the Cabinet Secretary for Finance and Local Government, on 13 September 2016.

The Bill is the first tax specific legislation to be introduced in the Assembly. It establishes provisions for Land Transaction Tax (LTT) in Wales, which will replace UK Stamp Duty Land Tax (SDLT) in April 2018.

This document sets out some of the key changes made to the Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Bill (“the Bill”) during Stage 2 proceedings.

Stage 3 consideration will take place in Plenary on 28 March 2017 to consider amendments to the Bill (as amended at Stage 2).

Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Bill – Summary of changes at Stage 2 (PDF, 1040KB).


Article by Christian Tipples, National Assembly for Wales Research Service.