Land Transaction Tax Act independent review

Tender description

Welsh Ministers are under a statutory obligation to make arrangements for an independent review of Land Transaction Tax (LTT) to be completed before 24 May 2023. The review will focus on the most significant changes made to the legislation to ensure it is still appropriate for Wales. Areas for review, include: • The changes made to LTT (compared to SDLT) and if they’ve delivered improvements • Whether the changes make the legislation more appropriate for Wales • Identifying opportunities for improvement • Considering operational practicalities • The impact of the absence of first time buyers relief Capabilities we are looking for: The independent reviewer should have a solid understanding of the taxes applying to land transaction and legislation in Wales, and experience of conducting research.