| This project is no longer actively maintained. |
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A microsimulation model to forecast Land Transaction Tax revenue in Wales.
Table of Contents
Land Transaction Tax (LTT) replaced Stamp Duty Land Tax in Wales when new powers were devolved to the Welsh Government in April 2018. The tax is payable by buyers of residential and non-residential properties.
This model allows users to forecast LTT revenues in future years by specifying parameters for house price growth and transaction volume. Since the model simulates the property price distribution, users can customise the tax rates and thresholds to gauge the cost of various policies.
The model was developed by Wales Fiscal Analysis – a research unit within the Wales Governance Centre at Cardiff University. It is no longer actively maintained on this repository.
The model is currently designed to be run locally. Prospective users should download the repository and follow the instructions provided in the Wiki to run the model.
- R
- RStudio (optional but recommended)
Distributed under the MIT License. See LICENSE.txt for more information.