Pa ystyriaeth y mae'r Gweinidog wedi ei rhoi i eithrio prynu cartrefi ychwanegol ar gyfer rhent hirdymor o'r dreth trafodion tir er mwyn hybu'r cyflenwad o gartrefi?
The primary purpose of land transaction tax (LTT) is to raise revenue to fund essential public services in Wales. The higher rates raise a significant amount of revenue with the additional revenue from higher rate transactions in 2021-22 generating £102 million. It is fair that those who can afford to purchase additional residential properties contribute more. Exempting people who invest in long term rental accommodation from paying the higher rates would either require other taxpayers to pay more or cuts to public services.
The market for additional residential properties has continued to perform robustly following an increase to the higher rates in December 2020. This does not suggest LTT exemptions are required to incentivise the purchase of properties for long term let.