On 12 December 2018, the Scottish Government issued a release on the budget plans for 2019-20, which were delivered in the Scottish Parliament by Finance Secretary Derek Mackay. According to the release, Secretary Mackay has set out plans to: Maintain the current rates of income tax for the coming year; Increase the Additional Dwelling Supplement for Land and Buildings Transaction Tax from 3% to 4% for the purchase of an additional property; Reduce the lower rate of non-residential Land and Buildings Transaction Tax (LBTT) from 3% to 1%, increase the upper rate from 4.5% to 5%, and reduce the starting...