10.4 C
Inverness
Wednesday, May 14, 2025

Greens Push to End King’s Tax-Free Property Deal in Scotland

- Advertisement -

A fresh political storm is brewing as Scottish Green MSP Ross Greer calls time on the King’s tax exemption on Scottish property deals.

The MSP has lodged proposals that would close a long-standing loophole which allows the monarch to avoid paying Land and Buildings Transaction Tax.

Under the current system, the King enjoys a 100% exemption from the tax that applies to every other property buyer in the country.

Ordinary families must pay up to 12% LBTT when purchasing a property valued over £145,000.

Mr Greer’s amendment to the Housing (Scotland) Bill would put an end to what he describes as an indefensible royal privilege.

The King’s exemption stands in sharp contrast to everyday buyers who face a considerable tax burden.

This royal perk is one of several tax breaks enjoyed by the monarchy, who also benefit from UK-wide exemptions on capital gains, inheritance and corporation tax.

Greer did not mince words, branding the situation “simply unjustifiable.”

He pointed out that the King is one of the wealthiest individuals in the UK and is fully capable of contributing to public services through tax.

The Scottish Greens have long campaigned for the abolition of the monarchy, but this move is seen as a practical and immediate challenge to royal privilege.

Greer argued that even those who support the monarchy should see the logic in making the King pay his fair share.

He described the monarchy as an “expensive relic” that stands in the way of democratic fairness.

The MSP insists this proposal is about equality under the law and closing a loophole that favours the elite.

Greer stated that while Holyrood cannot end all the monarchy’s tax perks, it can lead by example by removing this one.

He said the measure would send a “powerful statement” that Scotland is ready to challenge entrenched privilege.

The proposed change is modest, but Greer believes it signals a broader ambition to create a fairer society.

Critics of the monarchy argue that symbolic gestures like this carry significant weight in the national conversation.

The move will now be subject to debate within the Scottish Parliament as part of the Housing Bill’s progress.

If successful, it would mark a historic shift in how royal wealth is treated north of the border.

Supporters say it’s a chance to draw a line in the sand against hereditary entitlement.

Opponents may view it as a populist swipe at tradition, but the political pressure is mounting.

Greer’s challenge to the crown has reignited debate about fairness, wealth, and privilege in modern Britain.

- Advertisement -
Latest news
- Advertisement -spot_img
Related news
- Advertisement -spot_imgspot_img