An Income Tax Policy for Scotland
The Finance Secretary, Derek Mackay, delivered his 2018/19 Budget for Scotland today announcing the Scottish Government’s decisions on income tax
Quite distinct to the concept of ‘residence’ (i.e. the country where you live) and ‘tax residence’ (i.e. the country in which you are subject to income tax), an individual’s domicile determines the law that applies to their assets for succession purposes.
From 1 December 2017, the private rented sector in Scotland will undergo a significant change. The provisions of the Private Housing (Tenancies) (Scotland) Act 2016 (“the Act”) will replace the assured tenancy regime with a new residential tenancy known as a Private Residential Tenancy (“PRT”). It will no longer be possible to enter into an Assured Tenancy or, more commonly, a Short Assured Tenancy on or after 1 December 2017.