How will the new the new tax announcement affect Scottish taxes?

[Fandangoes]

Just that really - will the Scottish 46% rate automatically be abolished or does Nicola Sturgeon have control over that?

Really? So you're on nearly 50k? What position do you hold? 20k for land tax? The price of the property or land must be a fortune!

@ScotsLassie322 lbtt is £20k on a purchase around £465k - it’s not cheap but it’s hardly out of the ordinary these days. Currently almost 1000 houses for sale within 40 miles of Stirling over £450k

In England stamp duty on a £465k house would be £13250 just for comparison

Nicola will need some parity or people will need to increase the wages of professionals etc or they are not going to come to Scotland.
We are not talking the mega rich here just working professionals. Business will cross the border also. You will only have low earners and retired people.
Then who’s gone to pay all the taxes/ staff and fund the professions. . Not the low earners according to the pie chart.
Central belt areas of Scotland have become expensive to live in and pay lbtt.
As a Scot (formerly living a long time in England) the snp don’t seem very competent to me. They can’t do maths and they only care about independence.

There is a lot of people with a aggressive ideology in Scotland now. I want to be free to have my own opinions.

PT in a department of 6.

We last bought in 2019 when we moved. Our very average 3 bed house was just under 400k. I can't remember exact figures but it was about 20k or thereabouts. We sold a bigger house for the same money and they paid too.

Why should I pay more?

And for those wanting independence. Do you honestly think this huge difference helps? When ordinary people in teaching jobs are being screwed over.

They would love the headlines to be about the "rich". But the truth is it is teachers, nurses, doctors who will move.

Sorry, just over 400k.

www.thetimes.co.uk/article/the-times-view-taxing-issues-cxh0kwthq?shareToken=93ecfabdde526696db0700df32a86033

Today's Times Scotland pages.

Given how the tax burden nowadays is so skewed to higher earners then yes, the additional rate should be dropped in Scotland too.

I’d prefer to see a spread more like most other mainland countries have.

There's an awful lot of adults who pay no taxes, that can't be sustainable. The double whammy of 41 % tax plus N I on those on £43000 to £50 000 is ill thought out, I am sure I read that it doesn't generate more tax revenue as people just put more into their pensions

Spending £500k on a house really does mean you're fairly well off. I know you perhaps don't see it but it's true.

Also, I am a teacher myself. Again, you're not being 'screwed' if you can afford to pay £400 or £500 thousand on a house and are asked to pay £20/ £30 a month extra on tax.

But that's your mindset I guess, it won't change so do whatever makes you feel better. If moving to a less taxed country does that for you, why not move?

The SNP had the perfect opportunity to show they could do things better.
If they had shown integrity and moreover transparency with how departments are run, and actually made a good go of things then they stood a chance of winning an independence vote.
Instead it’s become a shit show of poor decisions, poor leadership, cloak and dagger dealings and huge amounts of wasted money.
We wouldn’t have minded paying more if there was something to show for it but little is better and much is worse than south of the border.

Maybe that will be Snp strategy try to get all tax payers and unionists to move. Leave only the supporters in Scotland.

public Servants will have to have their wages increased. This already happens in the nhs to attract staff.

If all the tax payers leave where will the money come from to pay public sector wages?

Of course it's going to affect higher earners. And not your multi-millionaire footballers, people like GPs and hospital doctors.

@ScotsLassie322 That is what houses cost, sadly. And we needed to be here for my job / caring for MiL who still lives independently but we needed to be as close to her as possible.

And we are old (54 and 60) so, not rich, just have a lifetime of mortgage payments under our belts.

Even rents round here are £££.

And Sturgeon doesn't seem to care about a lifetime of saving, working hard to own a house. Or that her taxes take money from ordinary people at a rate that unsustainable.

However, at least it is really underlining why independence would be such a disaster.

DH is self employed and his bookkeeper cocked up and miscalculated using English taxes. The difference, on an income well below mine, was £1500.

So, not £20-30 a month. More like £120-130 a month.

That pays for heating, food, transport to and from school. Not gold plated Rolls Royces and private jets. The Tesco shop.

I think that the SNP’ total incompetence on Financial matters will go against them in any future referendum

The ‘rich should all leave then’ rhetoric really gets on my nerves.

in tax year 20/21 16.8% of all income tax revenue in to Scotland came from the 0.6% top rate tax payers; 59.8% came from the 14.8% paying higher rate and above.

if those leave how are you funding all the ‘free’ stuff people go on about?

im fairly sure many wouldn’t mind if it appeared the difference would be well spent but ultimately SNP have been in power for a long long time. Life expectancy is lower than the rest of UK, educational attainment poorer. I can’t speak for everyone but there is no access to an NHS dentist anywhere near me and likewise it’s almost impossible to see a GP.

the government is trying to drive spending & investment to stimulate the economy , create jobs and incentivise those who can to work.

‘the wealthy’ people are talking about aren’t millionaires/billionaires who in most cases aren’t impacted by income tax changes at a personal level but everyone from teachers/nhs staff/retail managers Etc upwards. Many with high mortgages/fuel bills/childcare etc like everyone else.

To put it in to monetary values that 0.6% that people seem to think should leave pays >£1.5bn in income tax plus whatever they generate in local spending - why would you want to push them out?

Scotslassie322 Also, I am a teacher myself. Again, you're not being 'screwed' if you can afford to pay £400 or £500 thousand on a house and are asked to pay £20/ £30 a month extra on tax.

I hope its not maths or arithmetic you're teaching! Or do you work part time? Try using this tool:

www.scotfact.com/scottish-tax-calculator-2022-23

DH, engineer and me, teacher, would each be £1603 worse off in Scotland than in England. Thats £267 a month between both of us.

We aren't in the 400k house buying bracket that you seem to despise so much, however due to years of scrimping and saving to do up wrecks, we have finally reached the slightly over 300k bracket and in Scotland, if we were buying again, e.e. due to moving for work, we would pay £5850 on a £325,000 purchase. In England it would be £7750. Add to that the extra £1000 for seller's surveys that the Scottish Government insists on retaining, which are so general as to be of little use to anyone but cost a lot, and the difference is £5906 in one year, if you had to move home.

Amazing how you are accusing people of being rich but £6000 means nothing to you!

Considering that there isn't even a motorway between most Scottish cities and they are thinking of introducing a further tax starting at £2 per day to simply drive to your work (since the public transport is appalling), that could potentially be a further £2000 a year in tax for a couple who work in different places who can't lift share and who have no public transport options, onto an already expensive journey. (I take it you have never lived in any of the satellite towns in the Lothians with their terrible unreliable bus services and lack of pavements, and attempted to commute to Edinburgh city centre). So thats now reaching £8000 per year for some working families in ordinary skilled jobs such as teaching and engineering.

At that point, it makes more sense to stay at home and maybe do a few part time hours in your local Co-op. Why not sacrifice your career and ambition on the flag of Scottish nationalism?

Its also quite an unstable regime. There are constant changes which affect how much money you have coming in, with continual talk of more radical changes, which makes life planning stressful and uncertain.

Apologies, wrong way round for the Scottish and English stamp duties. You get my drift.

DH and I moved just across the border 3 years ago and have never regretted it. Initially we commuted to our jobs in Scotland but found the lower salaries and lack of pay rises, plus the antiquated and poor quality transport links didn't make it stack up against slightly better salaries and easier commuting in the north of England. The NHS is definitely better here in terms of GP provision - we might just be lucky but it really is excellent. There are local hospitals with A&E and a nearly new regional hospital with plenty of specialists.

We both came from a farming background and went to university with an aim of working hard to gain a better standard of living. The prospect of living in a 3 bed new build semi in Prestonpans or Tranent paying high taxes isn't really what I want out of a country like Scotland. Here in the north of England, we have the countryside and miles of walking at our doorstep. Rural cottages are so rare within commuting distance of Edinburgh that we were looking at 500-600k for what we got for 325k here. It used to be that you put up with Scotland being more expensive to live in and poor transport infrastructure because it was compensated for by being able to live somewhere scenic/really nice. No longer.

Novichok2022 There is a lot of people with an aggressive ideology in Scotland now. I want to be free to have my own opinions

I honestly think that Scotland is the worst country in Western Europe right now. Its partly the fault of the UK that devolution was done so badly with so few constitutional protections, but a lot of it is home grown. I don't really find the prospect of living in a beautiful but increasingly inaccessible country with large swathes of land rewilded to suit the likes of Anders Povlsen and his ilk (with government funding too!), or have my access banned by Nature.Scot on the whim of its part time Chief Executive with personal business interests in the luxury tourism market.

It sometimes makes me think that the present regime is out to carve up Scotland for itself and its cronies, almost acting like the high handed clearance landlords of the past. What is being done to the population of the islands, only partly due to their lack of fixed links and failure to plan for ferries, should be criminalised IMHO. And lets not talk about whats going on (does anybody know?) in the shitshow that is Aberdeen city centre, surrounded as it is now by its surrounding new towns to rival the Livingstons of the past?

I do hate the way the tories keeps giving the SNP easy sound bites though that allow them to ignore the massive UK transfers to Scotland. They've faced no real challenge for so long and it all plays well on Twitter, the cut to the additional rate got all the oxygen and the NI cuts and 19p rate cut hardly any.

The fact that even with a Tory govt we are benefitting to such a large extent gets buried under the tax cuts for millionaires tweets.

People have such short memories too. So many benefitted from the furlough scheme, but everything is always the fault of the “Toaries” .
NS has incited division every step of the way, and it has made Scotland look very small minded.

Mercurius puts it very well.

People thinking £400k housing is for the wealthy need to get out more in Scotland!
Have you seen how much a 3 or 4 bed on a housing estate costs in Edinburgh and much of the Lothians now?

Our small estate is mainly 3 bed houses and some 4.

It's full of teachers, pharmacists, nurses, quite a few police officers, college lectures, gas and telecoms engineers. We bought here nearly 20 years ago and the house has almost tripled in value. You'd be hard pushed to get anything under £400k now.

So people moving to the area for jobs now (all the jobs above, not generally considered "wealthy") have to pay these prices or none of us would have the services these people provide

Same here, not to mention it’s hardly cheap to live in Edinburgh but colleagues at the office an hour outside London get a “London weighting” salary uplift too. I’ll seriously be considering a move south. I can’t tell the difference in public services either, the only thing I get north of the border is free eye tests and prescriptions, and neither of those cost anything like what I pay in tax!