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Seòmar agus comataidhean

Question reference: S6W-30147

  • Date lodged: 24 October 2024
  • Current status: Answered by Ivan McKee on 11 November 2024

Question

To ask the Scottish Government, further to the answer to question S6W-25972 by Tom Arthur on 18 March 2024, whether it will provide an updated table that includes figures for 2024-25, broken down by property class.


Answer

Table 1 presents the estimated gross cost of setting the Higher Property Rate equal to the Standard Multiplier in England, updated to include 2024-2025.

In England, in 2021-2022, 2022-2023 and 2023-2024, the Standard Multiplier was 51.2p, or 1.3p above the Small Business Multiplier of 49.9p.

In 2024-2025, the Standard Multiplier is 54.6p, or 4.7p above the Small Business Multiplier of 49.9p.

In Scotland, the Higher Property Rate in 2021-2022, 2022-2023 and 2023-2024 was 2.6p above the poundage, which was 49p in 2021-2022 (having been temporarily reduced from 49.8p in 2020-2021 in response to the ongoing impact of COVID-19), and 49.8p in 2022-2023, 2023-2024.

The costs therefore represent the impact of setting the Higher Property Rate at 51.2p instead of 51.6p in 2021-2022, and 51.2p instead of 52.4p in 2022-2023 and 2023-2024.

The Higher Property Rate in 2024-2025 is 6.1p above the poundage, which remains at 49.8p from 2023-2024. The costs therefore represent the impact of setting the Higher Property Rate at 54.6p instead of 55.9p.

The figures for 2023-2024 and 2024-2025 are presented after General Revaluation Transitional Relief is applied.

The figures are gross estimates and are not adjusted for any other relief. Figures are broken down by property class, a classification used by Scottish Assessors to describe the type of property, which may not necessarily accurately reflect the use of a given property.

This table is based on the valuation roll as at 1 October 2021, 1 October 2022, 1 October 2023 and 1 October 2024.

Figures from 30 March 2023 and 1 April 2023 were used to calculate General Revaluation Transitional Relief.

Figures in this table are rounded to the nearest £1,000, and may not sum due to rounding.

Table 1: Estimated gross cost of reducing the Higher Property Rate to the level of the English Standard Multiplier (£), broken down by property class.

Property class

2021-2022 (£)

2022-2023 (£)

2023-2024 (£)

2024-2025 (£)

Shops

3,589,000

10,798,000

8,824,000

9,627,000

Public houses and restaurants

127,000

377,000

317,000

409,000

Offices

2,167,000

6,597,000

6,092,000

7,066,000

Hotels

778,000

2,390,000

2,270,000

2,649,000

Industrial subjects

2,863,000

8,658,000

8,709,000

9,969,000

Leisure and entertainment

600,000

1,814,000

1,873,000

2,206,000

Garages and petrol stations

117,000

341,000

312,000

406,000

Cultural

145,000

408,000

412,000

448,000

Sporting subjects

36,000

113,000

98,000

185,000

Education and training

1,918,000

5,707,000

6,229,000

6,988,000

Public service subjects

895,000

2,614,000

2,505,000

3,038,000

Communications

81,000

197,000

303,000

298,000

Quarries, mines, etc.

34,000

94,000

95,000

121,000

Petrochemical

447,000

1,291,000

1,400,000

1,529,000

Religious

14,000

50,000

50,000

76,000

Health and medical

714,000

2,097,000

2,120,000

2,364,000

Other

352,000

1,045,000

1,102,000

1,537,000

Care facilities

207,000

631,000

704,000

773,000

Advertising

11,000

34,000

39,000

55,000

Statutory undertaking

3,647,000

10,897,000

10,039,000

13,139,000

All

18,743,000

56,152,000

53,493,000

62,883,000