Scottish Budget: Scottish Finance Secretary Shona Robison set out the following key tax announcements in the Scottish Budget on 4 December 2024:
Scottish income tax: for 2025/26 the higher advanced and top rate thresholds will be maintained at £43 662 £75 000 and £125 140 respectively. The thresholds at which taxpayers pay the basic rate and intermediate rate will be increased to £15 397 and £27 492 respectively. The Scottish Government committed to uprate the starter and basic rate bands by at least inflation but not to introduce any new bands or increase the rates of Scottish income tax during the current Parliament.
Land and buildings transaction tax (LBTT): residential and non-residential rates and bands will be maintained at their current level. The additional dwelling supplement (ADS) will increase from 6% to 8% with effect from 5 December 2024 (see SSI 2024/367) but will not...
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Scottish Budget: Scottish Finance Secretary Shona Robison set out the following key tax announcements in the Scottish Budget on 4 December 2024:
Scottish income tax: for 2025/26 the higher advanced and top rate thresholds will be maintained at £43 662 £75 000 and £125 140 respectively. The thresholds at which taxpayers pay the basic rate and intermediate rate will be increased to £15 397 and £27 492 respectively. The Scottish Government committed to uprate the starter and basic rate bands by at least inflation but not to introduce any new bands or increase the rates of Scottish income tax during the current Parliament.
Land and buildings transaction tax (LBTT): residential and non-residential rates and bands will be maintained at their current level. The additional dwelling supplement (ADS) will increase from 6% to 8% with effect from 5 December 2024 (see SSI 2024/367) but will not...
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