Wealth taxation in Scotland: a literature review
An independent review of the evidence on wealth taxation in Scotland. The report examines how wealth is currently taxed in Scotland, lessons from international wealth taxes, and the practical, administrative and behavioural considerations for any future Scottish wealth tax.
Acronyms and abbreviations
ADS: Additional Dwelling Supplement
CGT: Capital Gains Tax
GDP: Gross Domestic Product
HMRC: HM Revenue & Customs
IFS: Institute for Fiscal Studies
IHT: Inheritance Tax
ISA: Individual Savings Account
LBTT: Land and Buildings Transaction Tax
NDR: Non-Domestic Rates
NICs: National Insurance Contributions
NSND: Non-savings, non-dividend (income)
OECD: Organisation for Economic Co-operation and Development
ONS: Office for National Statistics
UK: United Kingdom
WAS: Wealth and Assets Survey