Vacant land tax aimed at boosting its 'productive use'
Finance Secretary Mark Drakeford says plans for a tax on vacant land is aimed at boosting house building and regeneration.
It would apply to land where permission to build has been granted - or land that is within a local development plan - but where no work has been carried out.
Critics accuse some businesses of "land banking" - hoarding land until it increases in value before building on it.
But house builders have raised concerns about the proposed tax as a barrier to development, and penalising some landowners for delays outside their control.