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

Succession planning: Surrogacy and the tax challenges of having a US citizen child

Succession planning: Surrogacy and the tax challenges of having a US citizen child

'Coordinated advice is often required to ensure that family objectives can be met'

Kelly Ricketts
clock 18 September 2026 • 3 min read
Average lifetime giving nears £5k a year as retirees act to avoid IHT

Average lifetime giving nears £5k a year as retirees act to avoid IHT

The average retiree spends £27,159 a year, £5,000 more than last year

Laura Miller
clock 17 September 2026 • 3 min read
'Prepared, informed and confident': Getting clients match fit for 28 October

'Prepared, informed and confident': Getting clients match fit for 28 October

'The most valuable Budget planning is rarely about trying to second-guess the chancellor's speech'

Andrew Tully
clock 16 September 2026 • 4 min read