Cwestiwn ysgrifenedig WQ97646
- Gofynnwyd gan
- Heledd FychanPlaid
- I'w ateb gan
- Cabinet Secretary for Finance and Welsh Language
- Cyflwynwyd
- Dyddiad ateb
- Atebwyd
- Amser i'w ateb
- 6 diwrnod
Cwestiwn
Mae'r cwestiwn a'r ateb yn Saesneg gan nad oes fersiwn Gymraeg ar gael.
How much revenue was raised in 2024 as a result of the land transaction tax contributions of first-time buyers in Wales?
Ateb
Atebwyd gan Cabinet Secretary for Finance and Welsh Language
It is not possible to say how much land transaction tax (LTT) was paid by first time buyers in Wales as such buyers are not required to inform WRA of their status.
LTT only starts to be paid by homebuyers liable to the main residential rates if they buy homes costing more than £225,000. Currently, the average price paid by a first-time buyer in Wales is around £182,000. Our rates and bands ensure that around 6 out of 10 of all homebuyers liable to the main residential rates do not pay LTT including most first-time buyers.