Scottish Parliament Approves New Housing Tax

1 min read
Source: BBC
Scottish Parliament Approves New Housing Tax
Photo: BBC
TL;DR Summary

The Scottish Parliament has approved a new housebuilding tax to fund the remediation of unsafe cladding, raising about £30m annually, but critics warn it could hinder housebuilding and unfairly target developers. The bill, which will apply from April 2028, aims to support the Cladding Remediation Programme following the Grenfell Tower disaster, though concerns remain about its impact on the housing market and the fairness of the levy.

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