.png)
.png)
Shona Robison deputy first minister and cabinet secretary for finance delivered the Scottish government’s 2024-25 Budget on 19 December 2023.
Key tax announcements include:
- from 6 April 2024 a new advanced income tax rate of 45% will apply to income between £75 000 and £125 140;
- also from 6 April 2024 the top rate applying to income above £125 140 will be increased by one percentage point to 48%;
- the starter (19%) basic (20%) intermediate (21%) and higher (42%) rates will be unchanged;
- the starter and basic rate thresholds will be increased by inflation to £14 876 and £26 561 respectively but the higher rate threshold will be frozen at £43 662;
- the residential land and buildings transaction tax rates and bands will be maintained at their current level and first-time buyer relief will continue;
- the additional dwelling supplement (ADS) will also continue at its current level; and
- from 1 April 2024...
Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
