The Land Transaction Tax Holiday

Part of 1. Questions to the Minister for Finance and Trefnydd – in the Senedd at 2:08 pm on 25 November 2020.

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Photo of Rebecca Evans Rebecca Evans Labour 2:08, 25 November 2020

There are very good reasons for having different thresholds in Wales as compared to England, and those are most notably around the fact that average house prices are very different here in Wales. So, the average house price in England is currently £262,000, and in Wales it is well below that, around £165,000. So, they are clearly very different housing markets and I think it's entirely appropriate to have different thresholds for land transaction tax to reflect that.