Scottish Taxes

 


Revenue Scotland published a Land and Buildings Transaction Tax (LBTT) Technical Bulletin on 10 August.

The Scottish Government welcomed the external review of non-domestic rates taxation carried out by Kenneth Barclay. This review was published to assess the current non-domestic rates system and determine how it could be improved to better reflect economics conditions and support investment and growth. 

The Chartered Institute of Taxation (CIOT) has welcomed Scottish Government plans to consider the introduction of a new relief from Land and Buildings Transaction Tax (LBTT) for investors such as pension funds and insurance companies that invest in Scottish property.

The CIOT comments on Land and Buildings Transaction Tax – Property Investment Funds.

The CIOT comments in response to the Scottish Government consultation on amendments to Group Relief for Land and Buildings Transaction Tax, including draft secondary legislation.

Scottish taxpayers are exposed to more complexity and potential confusion than ever before because of the introduction of new rates and bands of income tax from today, tax professionals have cautioned.

The CIOT comments in response to the Scottish Government consultation on the operation of a First Time Buyers Relief for Land and Buildings Transaction Tax, including draft secondary legislation.

The Scottish Parliament has confirmed the rates and thresholds for income tax that will apply to the non-savings and non-dividend income of Scottish taxpayers from 6 April 2018.

In this blog Joanne Walker, CIOT and LITRG technical officer, takes a look at some of the effects.

More than 300 members of the CIOT and the Institute of Chartered Accountants of Scotland (ICAS) braved a cold Edinburgh evening – and predictions of ‘thundersnow’ – to attend the ‘Big Tax Debate’ in January.

The CIOT comments in response to the Finance and Constitution Committee of the Scottish Parliament’s call for evidence on the Land and Buildings Transaction Tax (Relief from Additional Amount) (Scotland) Bill.