Written question WQ94720
- Asked by
- Mabon ap GwynforPlaid
- To be answered by
- Cabinet Secretary for Finance and Welsh Language
- Tabled
- Due
- Answered
- Time to answer
- 8 days
Question
What modelling has the Government done on the effect of land transaction tax relief in freeport areas, and what financial effect will this relief have on the Welsh Treasury?
Answer
Answered by Cabinet Secretary for Finance and Welsh Language
This information is contained in a Regulatory Impact Assessment (RIA) laid in the Senedd on 22 October 2024 to accompany the Land Transaction Tax (Relief for Special Tax Sites) (Wales) Regulations 2024. A link to the Explanatory Memorandum, which includes the RIA, is provided here: