Diolch, Llywydd. Well, in previous discussions of the Bill, I've been happy to agree the principle that the operation of LTT should be monitored and reviewed. I've committed to monitoring the introduction of new reliefs and the impact of the surcharge on additional residential properties. And I also agreed this afternoon that we should continue to review what other opportunities there are to introduce new taxes that are better suited to Wales. My reading of amendment 31 is that it will enable Welsh Ministers to make arrangements for an independent review of LTT, which will need to be completed within six years of the tax coming into force in April 2018. This could encompass a review into the operation of the LTT or any specific element of LTT, such as the surcharge. It could also encompass any changes or alternative approaches to the tax more generally. I believe that the scope of the review is sufficiently broad to ensure that it is proportionate and focused on matters of greatest concern. I'm also happy to recognise the importance of ensuring that such a review should be independent of Welsh Ministers. I think the timing proposed in the amendment is sufficient to allow a period to pass where the tax has been in operation to be able to carry out a sensible review, and in this way that the review of LTT would also complement an existing commitment to commence a review of the WRA's delegation decisions three to five years after the tax comes into force in April 2018.

Llywydd, I fully expect that the Finance Committee will be taking its own interest in these matters and is likely to do it sooner than the period of time set out in this amendment. I don't see any conflict between what is proposed here and the responsibilities that the Finance Committee itself will wish to discharge. On the basis that I've explained, I will ask Government supporters to vote in favour of this amendment.