The Official Report is a written record of public meetings of the Parliament and committees.
All Official Reports of meetings in the Debating Chamber of the Scottish Parliament.
All Official Reports of public meetings of committees.
Displaying 1661 contributions
Finance and Public Administration Committee [Draft]
Meeting date: 3 February 2026
Ivan McKee
You would have to get it FCA approved, Mr Mason.
Finance and Public Administration Committee [Draft]
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]
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]
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]
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]
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]
Meeting date: 3 February 2026
Ivan McKee
Absolutely—I understand. Point taken.
Finance and Public Administration Committee [Draft]
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]
Meeting date: 3 February 2026
Ivan McKee
We have done some work on that.
Finance and Public Administration Committee [Draft]
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.