Question reference: S6W-25587
- 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 how much additional revenue it estimates will be raised by the Budget decision to increase the Higher 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 Higher Property Rate (HPR) at 55.9p, compared to keeping the HPR the same as in 2023-24 at 52.4p, 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 higher property rate (£), after General Revaluation Transitional Relief, 2024-2025
Property class | Estimated additional gross revenue (£) |
Shops | 26,176,000 |
Public houses and restaurants | 1,101,000 |
Offices | 19,370,000 |
Hotels | 6,951,000 |
Industrial subjects | 26,652,000 |
Leisure and entertainment | 5,927,000 |
Garages and petrol stations | 1,085,000 |
Cultural | 1,204,000 |
Sporting subjects | 487,000 |
Education and training | 18,672,000 |
Public service subjects | 8,108,000 |
Communications | 892,000 |
Quarries, mines, etc. | 325,000 |
Petrochemical | 4,624,000 |
Religious | 204,000 |
Health and medical | 6,322,000 |
Other | 3,281,000 |
Care facilities | 2,056,000 |
Advertising | 147,000 |
Statutory undertaking | 35,391,000 |
All | 168,975,000 |