The Land Transaction Tax Holiday

Part of 1. Questions to the Minister for Finance and Trefnydd – in the Senedd at 2:06 pm on 25 November 2020.

Alert me about debates like this

Photo of Rebecca Evans Rebecca Evans Labour 2:06, 25 November 2020

Thank you to Hefin David for raising that particular issue. As we move towards the end of the year, obviously I'll be keen to hear views from colleagues in the Chamber, and also engaging with stakeholders as well about the potential future of land transaction tax. Obviously, I'm keen not to make announcements too far in advance, because then you end up with situations where there's forestalling and people changing the timing of their purchase in order to get the most advantageous deal, which is completely an understandable thing to do, but if you're using tax to try and drive a certain behaviour, then it obviously has some issues there.

So, obviously we're completely committed to transparency on our tax policy, and I'd been keen to have some further discussions with Hefin David about the particular implications and effects of tax changes within his own constituency, particularly in the north of the Caerphilly area.