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Seòmar agus comataidhean

Question reference: S6W-25588

  • Date lodged: 16 February 2024
  • Current status: Answered by Tom Arthur on 1 March 2024

Question

To ask the Scottish Government, in light of the Scottish National Party manifesto commitment, what the cost would be in 2024-25 of bringing the Higher Property Rate into line with that in England, broken down by industry sector.


Answer

Table 1 presents the estimated cost of setting the Higher Property Rate at 54.6p (the rate at which in England, the Standard multiplier applying to properties with a rateable value equal to or over £51,000, will be set in 2024-2025), compared to 55.9p, 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 cost of reducing the Higher Property Rate to 54.6p (£), adjusted for General Revaluation Transitional Relief, 2024-2025

Property class

Estimated additional gross revenue (£)

Shops

9,722,000

Public houses and restaurants

408,000

Offices

7,195,000

Hotels

2,581,000

Industrial subjects

9,898,000

Leisure and entertainment

2,199,000

Garages and petrol stations

403,000

Cultural

447,000

Sporting subjects

181,000

Education and training

6,935,000

Public service subjects

3,011,000

Communications

331,000

Quarries, mines, etc.

121,000

Petrochemical

1,718,000

Religious

76,000

Health and medical

2,348,000

Other

1,219,000

Care facilities

764,000

Advertising

55,000

Statutory undertaking

13,141,000

All

62,750,000