Scottish Tax - changes for 2023 to 2024: ready reckoners

Footnotes

1. The zero-rate threshold for home movers is equal to £145,000. For first-time buyers the threshold is £175,000.

2. 'Negligible' represents values that would round to a zero estimated revenue change.

3. Estimates are based on 2025-26 figures to reflect the current 18-month repayment window.

4. Please see the following link: Framework for Tax 2021

5. See for example HMRC's Ready Reckoners and Welsh Income Tax Ready Reckoners (Annex 1).

6. See Scottish Fiscal Commission, How We Forecast Income Tax, May 2021.

7. Scottish Government, Scottish Income Tax:2018-19 Policy Evaluation, December 2021

8. HMRC, Estimating Scottish tax payer behaviour in response to Scottish Income Tax changes introduced in 2018 to 2019, December 2021

9. Scottish Fiscal Commission May 2023 Forecasts, May 2023

10. For non-residential leases, the tax payable is based on any lease premia and the net present value of the rent payable i.e. a different basis to non-residential conveyances. For simplicity, we have excluded non-residential leases from the ready reckoner.

11. Scottish Budget: 2023-24 - gov.scot (www.gov.scot)

12. As at 1^st April 2023, see Table 1.1 of the publication Non-domestic rates revaluation 2023 in Scotland.

13. As at 1^st July 2022, 145,370 (57% of all non-domestic properties) received 100% rates relief. Any property receiving 100% rates relief would not pay more in NDR as a result of a change to the Basic Property Rate. Statistics for 2023 are not yet available.

14. For more information on the operation of the NDR pool, please see The Scottish Government Non-Domestic Rating Account for the year ended 31 March 2022 - gov.scot (www.gov.scot)

15. For more information on the NDR appeals process from 1^st April, see Non-domestic rates appeals - mygov.scot