Scots move to abolish slab Stamp Duty tax

Scottish Finance Secretary John Swinney's proposals will overhaul the UK system to make sure ‘no-one is asked to pay more than they can legitimately afford.' "Our consultation signals our preference for a move from the UK's slab tax approach to a progressive system of taxation where the amount paid is more closely related to the value of the property and therefore to the ability of the individual to pay. "At the same time our consultation also indicates a willingness to adjust the threshold at which taxation is levied in order to support those at the lowest end of the market," he said...