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Chamber and committees

Official Report: search what was said in Parliament

The Official Report is a written record of public meetings of the Parliament and committees.  

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Dates of parliamentary sessions
  1. Session 1: 12 May 1999 to 31 March 2003
  2. Session 2: 7 May 2003 to 2 April 2007
  3. Session 3: 9 May 2007 to 22 March 2011
  4. Session 4: 11 May 2011 to 23 March 2016
  5. Session 5: 12 May 2016 to 4 May 2021
  6. Current session: 13 May 2021 to 31 March 2026
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Displaying 1661 contributions

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Finance and Public Administration Committee [Draft]

Subordinate Legislation

Meeting date: 3 February 2026

Ivan McKee

You would have to get it FCA approved, Mr Mason.

Finance and Public Administration Committee [Draft]

Subordinate Legislation

Meeting date: 3 February 2026

Ivan McKee

It is to do with the structure of those funds. The individual is buying not the property itself but a unit share in a fund that is then buying the property.

Finance and Public Administration Committee [Draft]

Subordinate Legislation

Meeting date: 3 February 2026

Ivan McKee

Those are fair points, convener, and that will be a valid conversation for us to have next year. The point of keeping the tax rate at the same as the UK’s this year is to give us the data that would allow us to calculate the block grant adjustment. Without that, we would not have a level baseline that would allow us to understand what the block grant adjustment should be as we transfer the tax from UK to Scottish management.

Finance and Public Administration Committee [Draft]

Subordinate Legislation

Meeting date: 3 February 2026

Ivan McKee

That is not the issue. As I said, that will be a perfectly valid conversation to have next year, but the issue this year is that, if we were to have different rates of tax, it would make it difficult to agree what the block grant adjustment should be to enable the tax to be transferred in the first place.

Finance and Public Administration Committee [Draft]

Subordinate Legislation

Meeting date: 3 February 2026

Ivan McKee

Those are valid considerations for us to look at as we move into next year. We will be in the position of having a level BGA, which will enable us to make decisions about how we can adapt the policy for the Scottish context. I have no doubt that you will be here in spirit if not physically, Mr Mason.

Finance and Public Administration Committee [Draft]

Subordinate Legislation

Meeting date: 3 February 2026

Ivan McKee

Yes, indeed. We will look at that when we come to set the aggregates tax next year, as we do with other taxes in the budget. At that point, we will be able to take a perspective on the issue that you have raised.

Finance and Public Administration Committee [Draft]

Subordinate Legislation

Meeting date: 3 February 2026

Ivan McKee

Absolutely—I understand. Point taken.

Finance and Public Administration Committee [Draft]

Subordinate Legislation

Meeting date: 3 February 2026

Ivan McKee

As I have said, the Government’s position is that, this year, we are setting the tax at the same rate as the rest of the UK, so that we get that BGA baseline. The decisions on the tax next year will take into account all the factors that the convener and other members have raised with regard to the assessment—

Finance and Public Administration Committee [Draft]

Subordinate Legislation

Meeting date: 3 February 2026

Ivan McKee

We have done some work on that.

Finance and Public Administration Committee [Draft]

Subordinate Legislation

Meeting date: 3 February 2026

Ivan McKee

From memory, no. But, as I have said, the policy decision that has been made this year is in relation to the BGA baseline. Next year, we will absolutely consider all the factors that the committee has raised, as you would expect, when we make decisions on what level to set the aggregates tax at.