Quote Originally Posted by Divine Wright View Post
Taken from the government's website....

"The tax collected is used to support public services in Wales."

Sounds good to me. Better public transport. Better hospitals.

You pay this tax when you lease a building or land over 150K or 250K.

Compared to a minimum wager who works in Morrisons, you've probably got to be pretty well off to be able to lease property out.

I'm all for it.

https://gov.wales/land-transaction-tax-guide
firstly, the WG block grant has reduced as a result of The WRS now being responsible for collecting LTT. Therefore it does not automatically follow that we will see an increase in revenues to spend on public services. Secondly, and perhaps more importantly, the Welsh economy is far more fragile than England's and we need all the support to boost it that we can get. Hammering people for tax whilst England is currently reducing the tax burden isn't going to help the Welsh economy at all.

FWIW the case in point I'm talking about is £53k LTT v £21k SDLT. Where do you think the investment will end up - Wales, or just over the border, thus saving £32k?

its not rocket science.