Mark Whitehead 04 October 2017

Wales to replace stamp duty with ‘progressive’ land tax

Wales to replace stamp duty with ‘progressive’ land tax image

Most first-time buyers in Wales will no longer pay tax on their new home under plans announced by the devolved Welsh government.

In the first taxes raised in Wales for 800 years, stamp duty will be replaced by a new land transaction tax which will include a 0% rate for homes worth up to £150,000.

Homes costing more than £400,000 will attract higher rates in what the Cardiff government described as 'progressive' tax plans.

It said the average home buyer will pay nearly £500 less than now.

Office for National Statistics (ONS) figures show the average house price in Wales including all property types was £151,000 in July.

Welsh government finance secretary Mark Drakeford said: 'From April, Wales will introduce the first Welsh taxes in almost 800 years, supporting first-time buyers and boosting business.

'The devolution of tax powers provides us with the opportunity to reshape and make changes to improve existing taxes to better meet Wales’ needs and priorities

'I have always been clear that we will use these powers to help improve fairness and support jobs and economic growth in Wales.'

Highways jobs

Highway Inspector

East Riding of Yorkshire Council
£23.836
An exciting new opportunity has arisen within our Highways Development Management team. Beverley, East Riding of Yorkshire
Recuriter: East Riding of Yorkshire Council

Director of Public Health

Salford City Council
Up to £105,000
You will provide specialist support, advice and influence across what is already a mature and integrated health and... Salford, Greater Manchester
Recuriter: Salford City Council

Assistant Director - Children’s Social Care

Salford City Council
Up to £89,111
Seeking candidates for a key leadership role in the council... Salford, Greater Manchester
Recuriter: Salford City Council

Head of Human Resources and Organisational Development

Haringey London Borough Council
Up to £115k
Just like Haringey, this role is bursting with opportunity Haringey, London (Greater)
Recuriter: Haringey London Borough Council

Head of Service Street Scene and Waste Policy, Performance & Business Development

Plymouth City Council
Grade L £54,448 to £58,317. Plus a relocation package*
Do you want to lead a service that touches the lives of every resident and visitor to Plymouth? Plymouth, Devon
Recuriter: Plymouth City Council

Local Government News

Latest issue - Local Goverrnemnt News

The March issue of Local Government News explores alternative funding channels that are available to councils beyond the Public Works Loan Board, what hurdles merging councils face in coming together, and how local government is handling GDPR.

This issue also has a special highways and street lighting section exploring how councils can use lighting to embark on their smart city journey and using IoT technology to weather the storm.

Register for your free magazine