MSP for Orkney, Liam McArthur, has welcomed the news that his amendment to the Scottish Government’s emergency coronavirus legislation has been accepted.
This means that the tax regime for second homes will now account for slower housing markets, like Orkney where properties may remain on the market for long periods of time.
Commenting, Mr McArthur said:
“I have long argued for the need to ‘island proof’ the way that this tax works, and I am glad that the emergency legislation has provided an overdue opportunity to do this.
“People should not be burdened with the additional worry of an impending surcharge just because the market they are selling their home in works at a different pace to those in the central belt. Now that the timeframe has been extended, I hope that those looking to sell up soon can have some relief.”