Finance Committee launches inquiry into proposed tax relief on Scotland’s Green Freeports

Holyrood’s Finance and Public Administration Committee will examine draft legislation designed to provide relief from Land and Building Transaction Tax (LBTT) within Green Freeport designated tax sites.

The Scottish and UK governments announced in January 2023 that the Inverness and Cromarty Firth and Forth Green freeports had been jointly selected to become Scotland’s first ‘Green Freeports’.

The Holyrood committee has issued a call for views on the proposed LBTT relief.

Finance and Public Administration Committee Convener Kenneth Gibson MSP said:

“The Scottish Government intention is that Green Freeports will boost innovation and inclusive growth within communities.

“As part of its approach to Green Freeports, the government proposes to provide relief from Land and Building Transaction Tax for certain types of transactions within Green Freeport designated tax sites.

“The Scottish Government believes LBTT relief will support delivery of the Green Freeports programme and encourage long-term investment in these tax sites. 

“We’re keen to hear views from a range of individuals and organisations on whether they believe this legislation is necessary and whether it will support the government’s objectives.”