Bid to end monarchy's tax breaks on Scottish property tabled at Holyrood
4 Articles
4 Articles
Greens Push to End King's Tax-Free Property Deal in Scotland
A fresh political storm is brewing as Scottish Green MSP Ross Greer calls time on the King’s tax exemption on Scottish property deals. The MSP has lodged proposals that would close a long-standing loophole which allows the monarch to avoid paying Land and Buildings Transaction Tax. Under the current system, the King enjoys a 100% exemption from the tax that applies to every other property buyer in the country. Ordinary families must pay up to 12…
Greens call for end to King’s property tax break
Scottish Green MSP Ross Greer has tabled proposals to end the King’s exclusive 100% tax exemption when buying property in Scotland. Mr Greer has lodged proposals to the Housing (Scotland) Bill that would close the loophole allowing the King to purchase property in Scotland without paying any Land and Buildings Transaction Tax (LBTT). Any other family buying a property worth over £145,000 would pay LBTT at 5-12%, depending on the value of the pro…
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