Designing a tax system for an independent Scotland would be “complex and expensive”, the Institute of Chartered Accountants of Scotland has said.
The claim came after the Scottish Government published a recent consultation on the proposed Scottish land and buildings transaction tax.
The Scottish Parliament will have new financial powers from April 2015 over taxes on land and property transactions and on disposal to landfill. The land-tax consultation - the first of three dealing with devolved tax powers - is focused on introducing a land and property tax to replace the current UK Stamp Duty Land Tax (SDLT) system.
Key proposed changes are:
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