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Land Transaction Tax to replace Stamp Duty Land Tax

The Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 received Royal Assent on 24 May 2017. The legislation is the first new Welsh tax law for almost 800 years and has been described by First Minister, Carwyn Jones, as a “significant step” for devolution. As a result of the new legislation, from April 2018, Stamp Duty Land Tax ("SDLT") will be replaced in Wales with a new property tax called Land Transaction Tax (“LTT”). The rates of the new LTT for residential property which were announced by the Welsh Government on 3 October 2017, are as follows: As with SDLT, those purchasing an additional residential property will be liable to pay an additional rate of tax at 3%.

Chambers & Partners 2018 Guide

Chambers & Partners have today announced the rankings for their 2018 guide. We are pleased to announce we have been included as a firm and both Claudia Le Gros and Nicola Beynon have been ranked individually for their work.

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