development which will benefit revenue in the medium/long term. The relief also supports smaller scale SME house-builders and new property entrepreneurs who may seek to purchase a relatively small number of units for the purpose of improvements and market sale. 12 Earmark the additional planning fee This is additional revenue for Scottish resources for the benefit of the planning planning services services in Scotland 13 Introduce debt finance support for build to We anticipate this as loan finance rent investment in Scotland in order to and therefore an extension of existing compete with similar support in England Scottish Government policy but earmarked for the new build to rent sector 14 Explore joining and boosting the HCA - The Scottish Government is already Lloyds Banking Group partnership seeking to support SME designed to support SME house-builders back into the market, we see into the housing market in Scotland this as a positive extension of that policy 15 Do not introduce a Vacant, Derelict and We believe such a tax would Development Land Tax in Scotland constrain house building and reduce land and property transactions 16 Begin plans for a Council Tax revaluation We expect there would be a small net and possible further alignment of bands gain in council tax receipts following a beyond those identified in the revaluation response to the Commission government’s on Local Taxation. We would be pleased to explain our thoughts in greater detail at your convenience. Yours sincerely David Melhuish Director Scottish Property Federation Email Tel 0131 220 6353
development which will benefit revenue in the medium/long term. The relief also supports smaller scale SME house-builders and new property entrepreneurs who may seek to purchase a relatively small number of units for the purpose of improvements and market sale. 12 Earmark the additional planning fee resources for the benefit of the planning services in Scotland This is additional revenue for Scottish planning services 13 Introduce debt finance support for build to rent investment in Scotland in order to compete with similar support in England We anticipate this as loan finance and therefore an extension of existing Scottish Government policy but earmarked for the new build to rent sector 14 Explore joining and boosting the HCA - Lloyds Banking Group partnership designed to support SME house-builders into the housing market in Scotland The Scottish Government is already seeking to support SME back into the market, we see this as a positive extension of that policy 15 Do not introduce a Vacant, Derelict and Development Land Tax in Scotland We believe such a tax would constrain house building and reduce land and property transactions 16 Begin plans for a Council Tax revaluation and possible further alignment of bands beyond those identified in the government’s response to the Commission on Local Taxation. We expect there would be a small net gain in council tax receipts following a revaluation We would be pleased to explain our thoughts in greater detail at your convenience. Yours sincerely David Melhuish Director Scottish Property Federation Email Tel 0131 220 6353
PS-2016%20(32)%20Letter%20to%20Derek%20Mackay%20on%20Budget%202016.docx