Part of 1. Questions to the Cabinet Secretary for Finance – in the Senedd at 1:49 pm on 6 December 2017.
Thank you, Cabinet Secretary. You've had a fair few questions now, today, on procurement. If I can use my final question to ask you about land transaction tax, but not in terms of the residential LTT, which you mentioned yesterday and the changes there, but in terms of commercial LTT, am I right in thinking that, from April, businesses greater than £1 million will be faced with rates of 6 per cent compared with, I believe, 5 per cent across the border—certainly, lower rates in other parts of the United Kingdom? And what assessment have you made of the effect that that will have on commercial business transactions within Wales, and are you confident that it won't be creating an uneven playing field, where businesses here will find it harder to compete than those across the border?