The Land Transaction Tax Rate

Part of 2. Questions to the Minister for Finance and Trefnydd – in the Senedd at 3:09 pm on 26 June 2019.

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Photo of David Melding David Melding Conservative 3:09, 26 June 2019

I urge you, Minister, to look at the situation in Scotland, because companies there making similar sized purchases to the ones in Wales will be paying 4.5 per cent—that's below the English rate and, obviously, 1.5 per cent below ours. The month they made that decision, they saw their revenue increase by an amount that was highest on record, and their yearly rise so far stands at something over £13 million. So, I think there's a real lesson here about the level that is optimum for these taxation rates.