Scottish Budget 2024-25: Taxes Infographic
Sources: Scottish Government Budget 2024-25, UK Government Income Tax Rates and UK Government Residential Property Rates
Data
Table 1: Scottish Fiscal Commission's forecasts for 2024-25TaxAmountNSND Income Tax£18,844mNon-Domestic Rates£3,143mLands and Buildings Transaction Tax (LBTT)£730mScottish Landfill Tax£58mSFC Tax Forecast 2024-25£22,775mSource: Scottish Government Budget 2024-25Table 2: Scottish Income Tax 2024-25Taxable incomeBandTax rateUp to £12,570Personal Allowance (reserved)0%£12,571 to £14,876Starter19%£14,877 to £26,561Basic20%£26,562 to £43,662Intermediate21%£43,663 to £75,000Higher42%£75,001 to £125,140Advanced45%Above £125,140Top48%Source: Scottish Government Budget 2024-25Table 3: RUK Income Tax 2024-25Taxable incomeBandTax rateUp to £12,570Personal Allowance0%£12,571 to £50,270Basic20%£50,271 to £125,140Higher40%Over £125,140Additional45%Source: UK Government Income Tax RatesTable 4: Residential property tax: Land Buildings Transaction Tax (LBTT)Purchase priceLBTT rateUp to £145,0000%£145,001 to £250,0002%£250,001 to £325,0005%£325,001 to £750,00010%Over £750,00012%Source: Scottish Government Budget 2024-25Table 5: Residential property tax: Stamp Duty Land Tax (SDLT)Purchase priceSDLT rateUp to £250,0000%£250,001 to £925,0005%£925,001 to £1,500,00010%Over £1,500,00012%Source: UK Government Residential Property Rates