Question reference: S6W-25586
- Asked by: Liz Smith, MSP for Mid Scotland and Fife, Scottish Conservative and Unionist Party
- Date lodged: 16 February 2024
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Current status: Answered by Tom Arthur on 1 March 2024
Question
To ask the Scottish Government how much additional revenue it estimates will be raised by the Budget decision to increase the Intermediate Property Rate by 6.7% in 2024-25, broken down by industry sector.
Answer
Table 1 presents the estimated additional gross income from setting the Intermediate Property Rate (IPR) at 54.5p, compared to keeping the IPR the same as in 2023-24, at 51.1p, after General Revaluation Transitional Relief is applied, in 2024-2025. The figures are not adjusted for any other relief. This is broken down by property class, as the Scottish Government does not hold property-level data on industry sectors. Property class is a classification used by Scottish Assessors to describe the type of property, and does not necessarily accurately reflect the use of a property.
This table is based on the valuation roll as at 30 March 2023, 1 April 2023, and 1 January 2024.
Figures in this table are rounded to the nearest £1,000, and may not sum due to rounding.
Table 1: Estimated gross additional revenue from the intermediate property rate (£), after General Revaluation Transitional Relief, 2024-2025
Property class | Estimated additional gross revenue (£) |
Shops | 5,058,000 |
Public houses and restaurants | 942,000 |
Offices | 4,179,000 |
Hotels | 850,000 |
Industrial subjects | 5,718,000 |
Leisure and entertainment | 1,105,000 |
Garages and petrol stations | 429,000 |
Cultural | 185,000 |
Sporting subjects | 97,000 |
Education and training | 1,796,000 |
Public service subjects | 1,168,000 |
Communications | 89,000 |
Quarries, mines, etc. | 99,000 |
Petrochemical | 24,000 |
Religious | 192,000 |
Health and medical | 617,000 |
Other | 397,000 |
Care facilities | 1,208,000 |
Advertising | 31,000 |
Statutory undertaking | 337,000 |
All | 24,519,000 |