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Scottish Budget introduces income tax and LBTT changes

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The Scottish government set out its draft Budget for 2018/19 on 14 December. Proposed changes include a new five-band income tax regime starting at 19% and rising to a top rate of 46%.

The Scottish government set out its draft Budget for 2018/19 on 14 December. Proposed changes include a new five-band income tax regime starting at 19% and rising to a top rate of 46%. Land and building transaction tax (LBTT) will see a new zero-rate threshold of £175,000 for first-time buyers of residential property. See http://bit.ly/2lJn6M8.

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