Scotland is a country of around 19,460,000 acre. The approximate population of Scotland, going by the most recent mid-year population estimate, is 5,220,100. All told, if the land was divided equally between everyone here, this would give us about 3.72 acres each.
What we do know suggests that of the rural land, which comprises about 18,924,516 acres (i.e. 97.4 per cent of Scotland) a total of 15,722,287 acres, 83.1 per cent of this, is held privately. Of this land, 60 per cent is owned by just 969 people, with the average holding of 9,735 acres. To put that in perspective, this tiny minority (less than 0.001 per cent) owns an average of 2,616 times as much as an equal distribution would provide. Twenty five per cent of estates over 1,000 acres have been held in the same family for over 400 years. In the Highlands, 50 per cent haven’t been exposed for sale since World War II.
Buccleuch Estates, a company founded in 1923 of which the Duke of Buccleuch is the Chairman, own 241,887 acres. In the Highlands over 50 per cent of the area covered in ‘sporting estates’, primarily for hunting. These are divided between 340 estates, which typically range from 5,000 to 8,000 acres. Seafield and Strathspey Estates, owned by the Earl of Seafield, report an annual revenue turnover of £2.8 million from Cullen Farm, and £1.4 million from the Straphspey Estates, which is clearly quite a profitable business to inherit.
The Sunday Herald, revealed that between 2000 and 2004, around £115 million was handed out to the one hundred largest beneficiaries in Scotland. This included, for example, Moray Estates, run by a company owned by the Earl of Moray and comprising of 33,143 acres, who received around £2.2 million. Cullen farm, a farm on the Seafield Estates mentioned above, received just under £1.9 million. Southesk Farms near Brechin, owned by the Earl of Southesk, David Carnegie, got £1.5 million, while Dunecht Home Farm near Aberdeen, belonging to Viscount Cowdray, got nearly £1.4 million.
Subsidies are also helping to ensure that large landowners benefit from the move to renewable
energy. An example of this involves the Duke of Roxburgh, who owns 55,136 acres. The Times reported in 2010, his plan to develop a 48-turbine wind farm “would generate an estimated £30m a year, shared with developers. About £17m of this would come from subsidies from consumers.
Over 22 per cent and perhaps as much as 25 per cent of the privately owned rural land in Scotland is held in some form of offshore or beneficial ownership where, to varying degrees,the beneficiaries are unknown and tax is being avoided. In 1995 the Duke of Buccleuch had his wealth re-evaluated from £300 million to £40 million in the Sunday Times Rich List because his estate was owned by a company in which he did not own any shares. The shares, it turns out, are owned by four Edinburgh lawyers and are worth £4. The money is ultimately held in a trust, and the beneficiaries are unknown. In an investigation of 500 estates and estimated that the annual loss of tax revenue was around £72 million due to offshore ownership, noting that: “The true figure would be much more if it were possible to survey all of Scotland”.
This land is definitely not your land!
Taken from this website here
What we do know suggests that of the rural land, which comprises about 18,924,516 acres (i.e. 97.4 per cent of Scotland) a total of 15,722,287 acres, 83.1 per cent of this, is held privately. Of this land, 60 per cent is owned by just 969 people, with the average holding of 9,735 acres. To put that in perspective, this tiny minority (less than 0.001 per cent) owns an average of 2,616 times as much as an equal distribution would provide. Twenty five per cent of estates over 1,000 acres have been held in the same family for over 400 years. In the Highlands, 50 per cent haven’t been exposed for sale since World War II.
Buccleuch Estates, a company founded in 1923 of which the Duke of Buccleuch is the Chairman, own 241,887 acres. In the Highlands over 50 per cent of the area covered in ‘sporting estates’, primarily for hunting. These are divided between 340 estates, which typically range from 5,000 to 8,000 acres. Seafield and Strathspey Estates, owned by the Earl of Seafield, report an annual revenue turnover of £2.8 million from Cullen Farm, and £1.4 million from the Straphspey Estates, which is clearly quite a profitable business to inherit.
The Sunday Herald, revealed that between 2000 and 2004, around £115 million was handed out to the one hundred largest beneficiaries in Scotland. This included, for example, Moray Estates, run by a company owned by the Earl of Moray and comprising of 33,143 acres, who received around £2.2 million. Cullen farm, a farm on the Seafield Estates mentioned above, received just under £1.9 million. Southesk Farms near Brechin, owned by the Earl of Southesk, David Carnegie, got £1.5 million, while Dunecht Home Farm near Aberdeen, belonging to Viscount Cowdray, got nearly £1.4 million.
Subsidies are also helping to ensure that large landowners benefit from the move to renewable
energy. An example of this involves the Duke of Roxburgh, who owns 55,136 acres. The Times reported in 2010, his plan to develop a 48-turbine wind farm “would generate an estimated £30m a year, shared with developers. About £17m of this would come from subsidies from consumers.
Over 22 per cent and perhaps as much as 25 per cent of the privately owned rural land in Scotland is held in some form of offshore or beneficial ownership where, to varying degrees,the beneficiaries are unknown and tax is being avoided. In 1995 the Duke of Buccleuch had his wealth re-evaluated from £300 million to £40 million in the Sunday Times Rich List because his estate was owned by a company in which he did not own any shares. The shares, it turns out, are owned by four Edinburgh lawyers and are worth £4. The money is ultimately held in a trust, and the beneficiaries are unknown. In an investigation of 500 estates and estimated that the annual loss of tax revenue was around £72 million due to offshore ownership, noting that: “The true figure would be much more if it were possible to survey all of Scotland”.
This land is definitely not your land!
Taken from this website here
No comments:
Post a Comment