6. Welsh Conservatives Debate: Land transaction tax on commercial land

Part of the debate – in the Senedd at 5:59 pm on 9 May 2018.

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Photo of Nick Ramsay Nick Ramsay Conservative 5:59, 9 May 2018

Yes, okay. I'll touch on it when I come to your comments later. I've lost my place now.

And, yes, my former colleague on the Finance Committee will remember his drive and our drive to get the rates on the face of the Bill, because even back then—. I understand that there were concerns from some of the civil servants to do that, and from the Government to do that, but, at that time, we thought that that was a way to provide clarity to the sector, to reassure the sector, that this difficult time of a change in—I hate to use the word—regime, which has caused so much unpleasantness here this afternoon, but in that change from the UK tax regime to the new Welsh tax regime, we thought that there was a merit in having a certain sort of stability at that point. That was the point that we were trying to make.