New Taxes

Part of 1. Questions to the Minister for Finance and Trefnydd – in the Senedd at 1:49 pm on 25 November 2020.

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Photo of Rebecca Evans Rebecca Evans Labour 1:49, 25 November 2020

I thank Siân Gwenllian for the question, and also for having the meeting with the First Minister earlier on today, and I look forward to catching up with him later this afternoon on that particular meeting as well. In theory, of course, we can make changes in-year to our land transaction tax. I'm very keen that—. We have the land transaction tax rates and thresholds that were announced just a couple of months ago now, and I do think that, in terms of the housing market, giving some kind of certainty, at least to 31 March, is important. So, I don't think I would be looking to make immediate changes in-year. I'm also very much aware of the behavioural impact of announcing changes that would then come in at a later date. The changes at the moment, which make it advantageous for people to buy houses at the moment, mean that, hopefully, we're bringing forward land transactions from next year into this financial year, which will give us a boost and give the housing market a boost and give all of those businesses that rely on house moving a boost as well. So, I wouldn't intend to give a long lead-in time for any changes in land transaction tax for that particular reason.