Consultation display
Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Bill
- This consultation has completed. It ran from Wednesday, 14 September 2016 to Friday, 21 October 2016
- View the background to this consultation
- View all current consultations
Response to the consultation
Evidence submitted in response to this Consultation
- LTTA 01 Land Registry
PDF 656 KB
- LTTA 02 Geldards LLP
PDF 479 KB
- LTTA 03 Country Land and Business Association Cymru
PDF 401 KB
- LTTA 04 Council of Mortgage Lenders
PDF 491 KB
- LTTA 05 The Chartered Institute of Taxation
PDF 625 KB
- LTTA 06 Deloitte
PDF 1 MB
- LTTA 07 Residential Landlords Association
PDF 868 KB
- LTTA 08 The Institute of Chartered Accountants in England and Wales
PDF 332 KB
- LTTA 09 Eversheds
PDF 258 KB
- LTTA 10 Law Society
PDF 383 KB
- LTTA 11 National Association of Estate Agents
PDF 423 KB
- LTTA 12 Royal Institution of Chartered Surveyors
PDF 438 KB
- LTTA 13 National Farmers' Union Cymru
PDF 318 KB
Purpose of the consultation
Purpose of the consultation
The
Finance Committee undertook an inquiry into
the general principles of the Land Transaction Tax and Anti-avoidance of Devolved Taxes
(Wales) Bill.
Terms of
reference
i. the general principles of the Bill;
ii. any potential barriers to the implementation of
these provisions and whether the Bill takes account of them;
iii. whether there are any unintended consequences
arising from the Bill
iv. the financial implications of the Bill (as set out
in Part 2 of the Explanatory Memorandum;
v. the appropriateness of the powers in the Bill for
Welsh Ministers to make subordinate legislation (as set out in Chapter 5 of
Part 1 of the Explanatory Memorandum).
Respondents were also asked to
consider the individual parts of the Bill:
i.
Potential
barriers to implementing provisions of the Bill;
ii.
Implementation
of tax bands and rates and how to ensure it can deal with subsequent changes
and other UK wide changes;
iii.
Approach
to tax avoidance – including ensuring there is appropriate information flow
from taxpayers, advisers and the WRA as well as provision of any clearance
mechanisms and ensuring adequate resources for WRA;
iv.
The
proposed exemptions;
v.
The
proposed reliefs;
vi.
How
residential and non-residential transactions are defined and treated;
vii.
How
companies, trusts, non-profit organisations and partnerships are treated in
terms of provisions and reliefs;
viii.
Suitability
of powers to make subordinate legislation in the Bill (set out in Chapter 5 of
Part 1 of the Explanatory Memorandum);
ix.
Financial
implications of the Bill (set out in Part 2 of the Explanatory Memorandum).
Disclosure of
Information
The Assembly’s policy on disclosure of information is available, please ensure that you have
considered these details carefully before submitting information to the
Committee. Alternatively
a hard copy of this policy can be requested by contacting the Clerk.
Supporting documents