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Wales to replace SDLT with a new land transaction tax

Published on: 21 September 2016
Published by: LexisPSL
  • Wales to replace SDLT with a new land transaction tax
  • Original news
  • Why is the Welsh Government replacing SDLT with LTT in April 2018?
  • Has the Welsh Government taken on board the comments made in the consultations on LTT?
  • Are there any substantial differences between the proposed LTT and SDLT in England?
  • When will the Welsh Government confirm its approach to LTT on the purchase of additional properties?
  • The Welsh Government intends to demonstrate that avoiding devolved taxes is unacceptable. What measures in the Land Transaction Tax and Anti-avoidance of Devolved Taxes Bill make this clear?
  • This is the first time Wales has raised its own taxes in 800 years. How does this tax fit into wider conversations regarding devolution? Is this just the start of further devolution in the future?
  • What does this mean for lawyers and their clients on a practical level? Is there anything they should be doing to prepare for the implementation of this new tax?

Article summary

Property analysis: Andrew Evans, tax partner at Geldards LLP, assesses the Welsh Government’s plans to replace stamp duty land tax (SDLT) with a land transaction tax (LTT) and the implications of this for lawyers and clients. or take a trial to read the full analysis.

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