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Legislation introducing the first Welsh tax in almost 800 years received royal assent on 24 May.
At a sealing ceremony, the Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Bill became the first Act of the assembly involving taxation.
Land transaction tax will replace stamp duty land tax in Wales when it is devolved in April 2018.
Legislation introducing the first Welsh tax in almost 800 years received royal assent on 24 May.
At a sealing ceremony, the Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Bill became the first Act of the assembly involving taxation.
Land transaction tax will replace stamp duty land tax in Wales when it is devolved in April 2018.
Finance secretary Mark Drakeford said: ‘This Act will enable us to introduce a new made-in-Wales tax on land transactions to replace stamp duty land tax, ensuring public services continue to benefit from the revenues raised by this important tax.’
