Scottish Budget sets out proposed changes to devolved taxes
Cabinet Secretary for Finance, Economy and Fair Work, Derek Mackay MSP, has today announced plans to increase the current 3% rate of Additional Dwelling Supplement (ADS) to 4% from 25 January 2019.
In his Budget Statement to Parliament, Mr Mackay also set out the Scottish Government’s intention to change Land and Buildings Transaction Tax (LBTT) rates for non-residential transactions from the same date.
The proposed non-residential rates and bands are set out in the table below.