SPF Response to Infrastructure Levy Scotland discussion paper

Read our full response here, we highlighted the unintended consequence that the ILS could discourage investment in Scotland. The introduction of this levy will add to current and proposed developer taxes.

We relayed our further concerns over clarity on how the levy is to be calculated and the definition of 'infrastructure' that it will be contributing towards. This is a major piece of legislation which is bound by a sunset clause ending in Summer 2026.

We have argued that the current health of the markets and development industry has to be considered but that this was not reflected in the discussion paper.