background image
Wales Looking to Introduce Vacant Land Tax — Orbitax Tax News & Alerts

The Welsh Government has issued a release on reforms in the devolution of tax powers to develop a strengthened approach to central and local taxation in Wales. In particular, the release notes that the Welsh Government has been working for the devolution of vacant land tax in order to incentivize the timely development of needed housing on land identified for development that is being held (stalled) by landowners. Such devolved tax powers must be agreed with the UK government.