Tax Faculty responds to LTT freeports consultation
[ad_1] The draft legislation may not give the Welsh government’s intended outcome for full and partial LTT relief for special tax sites. If this article is supporting your professional development, it can count towards your verifiable CPD hours. Use the pop up at the bottom right corner of your screen to add reading this article […]
LTT relief for Welsh freeports will be different
[ad_1] Welsh government consultation on land transaction tax (LTT) relief for special tax sites in freeports and investment zones highlights six differences compared to the stamp duty land tax (SDLT) relief in England. In March 2023, the Welsh and UK governments jointly announced the Celtic and Anglesey freeports. Welsh freeports are designed to provide tax […]
Investment zones and freeports – similarities and differences
[ad_1] Investment zones were refocused at the Spring Budget 2023. They are intended to grow the economy by focusing on places with significant unmet productivity potential and building on their existing strengths. How do they compare to freeports? Investment zones were initially announced in the “mini-budget” in 2023 as a means to incentivise growth and […]