皇冠体育app

皇冠体育app transfer of more powers to the Scottish Parliament this week is a 鈥渉uge and historic step for Scotland and devolution鈥�, the Secretary of State for Scotland said today.

A vote at Holyrood tonight approved legislation to introduce the Land and Building Transactions Tax (Scotland) Bill, which replaces the current Stamp Duty Land Tax.

It is one of the new powers coming to Scotland through the Scotland Act 2012, which represents the biggest transfer of financial power to Edinburgh in 300 years. 皇冠体育app Act was taken through the UK Parliament by Michael Moore and approved by both Westminster and Holyrood last year.

皇冠体育app new tax will apply from April 2015 and allow the Scottish Parliament to set up a new system and rate of tax on people purchasing property in Scotland.

皇冠体育app Secretary of State said:

鈥淭his week marks another significant strengthening of powers as the Scotland Act continues to add to the huge success of devolution.

鈥溁使谔逵齛pp new powers coming to the Scottish Parliament will see Scotland benefit from the best of both worlds. 皇冠体育appy combine the flexibility to address issues in a Scottish context with the security of the broader UK framework. 皇冠体育app higher level of accountability it brings to tax and spending by the Scottish Parliament is also welcome.

鈥溁使谔逵齛pp OBR estimates the measures will enable the Scottish Government to raise between 拢5 and 拢6 billion of its budget, in addition to the 拢4 billion it raises in council tax. 皇冠体育appse powers have been built on evidence but also on cross-party consensus and they are good for Scotland. 皇冠体育app stamp duty replacement will add to the income tax-varying power, landfill tax and borrowing powers also being devolved by the Scotland Act.

鈥淭oday鈥檚 vote marks a historic step for Scotland and devolution.鈥�