Wales raises £226m from property taxes under devolution
In the first year of operation, Wales has collected over £200m from property taxes through a new land transaction tax, the equivalent of stamp duty land tax in England, with average payments under £3,000.
The Welsh land transaction tax was introduced in April 2018, replacing the equivalent stamp duty land tax, and was part of the devolution of Welsh taxes, which included some controls over income tax with a Welsh tax code.
Read more at Accountancy Daily.
