There is a strong case for reform of land and property taxes in Scotland and the introduction of a land value tax might boost efforts to diversify ownership and raise productivity, researchers for the Scottish Land Commission have concluded.
The report for the state body will fuel debate of the potential benefits of land value taxation, which, unlike current property taxes, is levied on the underlying value of the land rather than any buildings on it.
Interest in land value taxation is growing among UK opposition parties. Labour has plans for such a tax on commercial property and the Liberal Democrats in August called for one to replace business rates.
