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Seòmar agus comataidhean

Question reference: S6W-25586

  • Date lodged: 16 February 2024
  • 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