Page 14 - Nick Ramsay News Today : Breaking News, Live Updates & Top Stories | Vimarsana

BBC News Published image copyrightGetty Images image captionSecond homes sold for up to £1.6m will see a levy of up to 16% under the new budget There will be a tax hike on second homes in Wales to help raise £13m for social housing, it has been announced. The move is part of the Welsh Government's budget for 2021-22. The changes to land transaction tax - the Welsh version of stamp duty - come in to force from Tuesday. It will see second home-owners paying a 4% levy when they buy properties up to £180,000, rising to 16% for homes worth at least £1.6m.

This will be supported by a one per cent increase in Land Transaction Tax – Wales’ equivalent of Stamp Duty – for the higher residential rates. These higher rates usually apply to second homes and buy to let properties. For non-residential property, the starting threshold on purchases would be increased by 50 per cent. Businesses would not pay tax on properties costing up to £225,000. The draft budget says these changes would generate around £13 million for investment in social housing. The Welsh Government also plans to maintain budgets for promoting the Welsh language and We...

This will be supported by a one per cent increase in Land Transaction Tax – Wales’ equivalent of Stamp Duty – for the higher residential rates. These higher rates usually apply to second homes and buy to let properties. For non-residential property, the starting threshold on purchases would be increased by 50 per cent. Businesses would not pay tax on properties costing up to £225,000. The draft budget says these changes would generate around £13 million for investment in social housing. The Welsh Government also plans to maintain budgets for promoting the Welsh language and We...

Mr Gething said the critical care capacity at the Grange is greater than previously available in Gwent, but the "key limiting factor" for services is the number of staff available. "We come back to this difficult conundrum - if you have need at the greatest level and you have reducing staff cohorts, you can't produce more staff immediately, and then you have to decide where to deploy those staff to address the greatest level of need," he told Senedd Members. "Those are the difficult choices that not just ABUHB are facing, but health boards right across Wales, and indeed in another parts...

BBC News Published image captionNick Ramsay was rejected by his local party on Monday night Conservative party members in Monmouth have told their local Senedd member they do not want him to be their candidate for the May elections. Nick Ramsay lost a vote of the constituency's party association on Monday night. It means the party will now throw open the selection process, putting him up against other potential hopefuls. Mr Ramsay said he was saddened to have been deselected by the local party after 13 years. He added: "I respect their decision to open up a full reselection process. "My focus...