Scottish Budget: Mansion tax for £1m properties; Increased income tax thresholds

Finance Secretary Shona Robison delivers 2026/27 Budget speech

Jenna Brown
clock • 5 min read

The Scottish government plans to introduce a mansion tax on properties worth more than £1m and increase income tax thresholds in moves unveiled in today’s (13 January) Budget speech.

Revealing the Scottish National Party (SNP) government's 2026/27 Budget, finance secretary Shona Robison said the package of measures "provide for a stronger NHS and investment in Scotland's infrastructure". Measures included the introduction of two new council tax bands affecting the most expensive properties in Scotland, with the highest rates paid on homes worth more than £1m. Unveiling the Scottish Budget, Scottish National Party (SNP) finance secretary Shona Robison said the party's economic package would include a so-called mansion tax for valuable properties. Robison said hi...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Tax planning

Finance Act 2006 turns 20: Why adviser awareness is critical

Finance Act 2006 turns 20: Why adviser awareness is critical

Planning considerations for new trusts

Julia Kiff-Brown
clock 11 February 2026 • 6 min read
Onshore bonds are back – but who is leading the call for their return?

Onshore bonds are back – but who is leading the call for their return?

'Innovation, as ever in financial services, starts by looking in the rear-view mirror'

clock 11 February 2026 • 5 min read
Personal representatives face delays and fines due to 'lost' wills and pensions

Personal representatives face delays and fines due to 'lost' wills and pensions

Under pressure to file necessary paperwork with tight deadlines

clock 04 February 2026 • 4 min read