Property tax take less than expected

Taxes from property sales in Scotland raised almost £55 million less than the Scottish Government’s estimate, a report has revealed.

Tax collectors at Revenue Scotland netted almost £483.6m from the Land and Buildings Transaction Tax (LBTT) in 2016-17.

In the budget for that year the Scottish Government had forecast £538m. Overall, ministers had anticipated collecting £671m from LBTT and Scottish Landfill tax. But figures showed just over £633m was collected in 2016-17.