The Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 received royal assent on 24 May. Land Transaction Tax will replace SDLT in Wales from April 2018.
The Welsh government has indicated that rates and bands for the new tax will be announced by October 2017.
The SDLT supplement on purchases of additional residential properties, which came into effect on 1 April 2016, will continue in the new Welsh tax.
The Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 received royal assent on 24 May. Land Transaction Tax will replace SDLT in Wales from April 2018.
The Welsh government has indicated that rates and bands for the new tax will be announced by October 2017.
The SDLT supplement on purchases of additional residential properties, which came into effect on 1 April 2016, will continue in the new Welsh tax.
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