Written question WQ85840
- Asked by
- Janet Finch-SaundersConservative
- To be answered by
- Minister for Finance and Local Government
- Tabled
- Due
- Answered
- Time to answer
- 12 days
Question
Will the Minister consider reforming the land transaction tax so that it incentivises the growth of the affordable long-term rental market?
Declared interest
Answer
Answered by Minister for Finance and Local Government
Land transaction tax (LTT) and its impact on the market is kept under review. LTT revenues directly contribute to the funding of the Welsh Government’s expenditure plans including initiatives to support the long-term rental sector such as the Leasing Scheme Wales. The scheme will improve access to longer term affordable housing in the private rental sector, delivering security for tenants and confidence for landlords.