![]() ![]() residential transactions and tax due on those transactions increased by 13% and 71% respectively.all transactions rose by 12% while tax due on those transactions increased by 77%.LTT statistics on total tax due including transactions with restricted detail on StatsWalesĬomparing April 2021 to March 2022 on a like-for-like basis with April 2019 to March 2020: They should only be included if seeking a value for total LTT revenue in the year. These are rounded to the nearest million pounds for additional protection. For some transactions, we are unable to provide any information other than the total tax due figure in the year, as there is a risk of revealing details of the individual transactions. Further information on these transactions is available from the Transport for Wales website. ![]() Details of these transactions are presented here to aid transparency of this large public sector transaction, with agreement of the buyer (Transport for Wales) and seller (Network Rail). These transactions relate to Transport for Wales’ purchase from Network Rail of the Core Valley Line rail asset in Wales. ‘Untypically large transactions’ in 2019-20 entirely consists of a small number of public sector transactions. LTT statistics by time period and transaction type on StatsWales Figure 1.2 Tax due on additional transactions which were untypically large or with restricted detail, by year the transaction was effective (£ millions)Īdditional transactions which were untypically large Īdditional transactions with restricted detail (to protect confidentiality) (p) The value is provisional and will be revised in a future publication. Estimates for April 2019 to March 2020 were made in June 2020. This item does not include the main rate component of higher rate transactions. ![]() Please note this item only includes the additional revenue from higher rate transactions. The total presented has been calculated based on the unrounded values. The category ‘non-residential’ includes properties that are not wholly residential (namely, those which have both residential and commercial elements). Please note that this table excludes any tax due from the additional transactions shown in Figure 1.2. Values in this table have been rounded to the nearest 10 transactions and the nearest £0.1 million for tax due. Of which: Additional revenue from higher rates % change (compared with April 2019 to March 2020) Figure 1.1 Number of reported notifiable transactions, tax due and % change from the previous estimate two years earlier Transaction type ![]() However, we don’t recommend this comparison due to complex effects of coronavirus (COVID-19) restrictions and changes to tax rates. In this edition of the release, comparisons would be usually made against estimates for April 2020 to March 2021. We explain why these comparisons are made in section 1 of this release (‘Comparisons with the same period a year earlier’). the percentage change against previous estimates for April 2019 to March 2020 (made in June 2020).quarterly estimates for April 2021 to March 2022.This analysis uses the Welsh Index of Multiple Deprivation (WIMD). Also, please see section 9 of this release for analysis of LTT statistics by the level of deprivation. We (the WRA) present these statistics on LTT transactions that we have received by 20 June 2022.įor the main points from our local authority statistics, please see the beginning of section 8 in this release. ![]()
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