Fred Goodwin’s old house © Getty Images
If you buy a house priced at £1 million in Scotland, the Land and Building Transaction Tax (LBTT) will be £78 350 for a main property or £108 350 for an additional property. In England, it would only be £43 750 or £73 750. So, that’s a progressive redistributive tax of the kind you expect from a left-of-centre party? I thought Labour said the SNP weren’t really left-of-centre?
According to Property Wire magazine, LBTT isn’t hurting the rest of the market but only the upper end of the market with sales down from 79 in the first half of 2016 to 56 in the first half of 2017. So, once more, a good progressive policy from the SNP?
I can get a bit moist around the eyes hearing sad tales of animal suffering but for some reason this story of hurting millionaires isn’t affecting me much.