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Public consultation on land transaction tax reliefs

The Welsh Government wants to hear the public’s views on proposals to abolish land transaction tax (LTT) multiple-dwellings relief, and to extend an existing LTT relief to Welsh local authorities when purchasing property for social housing purposes. The Welsh Government is also interested in views on the option of amending the rules related to the purchase of 6 or more dwellings in a single transaction, and options to review or amend other LTT reliefs.

 

1. LTT multiple-dwellings relief

 

Q1.1 The Welsh Government will make the final decisions on the proposal to abolish LTT MDR taking into account the responses to this consultation, any other relevant comments expressed elsewhere, ongoing analysis of impacts, and the Welsh Government’s tax principles.

These tax principles state that Welsh taxes should raise revenue to fund public services as fairly as possible, deliver Welsh Government policy objectives, be clear, stable and simple, be developed through collaboration and involvement, and contribute directly to the Well Being of Future Generations Act goal of creating a more equal Wales.

Do you agree the proposal to abolish LTT MDR set out in this consultation aligns with the Welsh Government’s tax principles?

 

Q1.2 Do you think the abolition of LTT MDR will negatively impact the private rented sector in Wales?

 

Q1.3 Do you think the abolition of LTT MDR will negatively impact any others in Wales?