Question reference: S6W-25588
- 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, in light of the Scottish National Party manifesto commitment, what the cost would be in 2024-25 of bringing the Higher Property Rate into line with that in England, broken down by industry sector.
Answer
Table 1 presents the estimated cost of setting the Higher Property Rate at 54.6p (the rate at which in England, the Standard multiplier applying to properties with a rateable value equal to or over £51,000, will be set in 2024-2025), compared to 55.9p, 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 cost of reducing the Higher Property Rate to 54.6p (£), adjusted for General Revaluation Transitional Relief, 2024-2025
Property class | Estimated additional gross revenue (£) |
Shops | 9,722,000 |
Public houses and restaurants | 408,000 |
Offices | 7,195,000 |
Hotels | 2,581,000 |
Industrial subjects | 9,898,000 |
Leisure and entertainment | 2,199,000 |
Garages and petrol stations | 403,000 |
Cultural | 447,000 |
Sporting subjects | 181,000 |
Education and training | 6,935,000 |
Public service subjects | 3,011,000 |
Communications | 331,000 |
Quarries, mines, etc. | 121,000 |
Petrochemical | 1,718,000 |
Religious | 76,000 |
Health and medical | 2,348,000 |
Other | 1,219,000 |
Care facilities | 764,000 |
Advertising | 55,000 |
Statutory undertaking | 13,141,000 |
All | 62,750,000 |