…the blog and website of Andy Wightman
The Scottish Government today announced a further three projects that will be developed using the Tax Incremental Financing (TIF) model. This is a mechanism whereby future non-domestic rates (business rates) that arise as a consequence of the TIF financed development
Continue readingAt the risk of becoming an anorak, I though I would share some correspondence I have been having with the British Property Federation via Twitter on the topic of Tax Increment Financing (see previous posts today). This correspondence has taken
Continue readingInteresting interview on Newsnight Scotland tonight with CEO of Scottish Futures Trust on tax increment financing. This is a funding mechanism for infrastructure projects whereby a public authority borrows money to pay for infrastructure (bridges, roads etc.) in anticipation of
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It is an odd state of affairs that it is easier to find out the ownership of land in 1915 than it is in 2018. The Finance Act of 1910 (Lloyd George’s famous People’s Budget”) proposed an increment levy on
Continue readingYesterday the Daily Telegraph published an article (pdf here online here) based on an interview with David Johnstone, the Chair of Scottish Land and Estates (SLE). Mr Johnstone has been a frequent contributor to the media arguing the case on
Continue readingThe comedian and TV presenter Griff Rhys Jones is reported today to be ready to quit the UK in protest at plans by the Labour Party to introduce a mansion tax if it wins the 2015 General Election. As the
Continue readingGuest Blog by Brian Wilson Brian Wilson’s column is reproduced here with kind permission of the West Highland Free Press. Reading reports by Parliamentary committees is normally a pastime more likely to act as an antidote to insomnia than to
Continue readingWhen John Swinney approved the tax increment finance scheme for Leith docks last week (see previous post), I wonder if he was aware that among the business rate payers who would be picking up the tab for paying back the
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