We’re looking at some of the announcements from today’s Scottish Budget.
A mansion tax, similar to a plan for England, will target wealthy householders. The new tax will be introduced by April 2028 and applies to properties in Scotland worth more than £1m
Additionally, a “targeted revaluation” of the most expensive homes in Scotland will result in two extra higher council tax bands being created – one for properties valued between £1m and £2m, and one for homes valued above £2m, on the basis that those living in such properties should be able to contribute more in taxation.
Have your say. Is this something you support? Could more be done?
