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

Finance Secretary Shona Robison delivers 2026/27 Budget speech

Jenna Brown
clock • 3 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...

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