I live overseas and want to buy some land in Scotland. The property in question has a house and about 1,500 acres of land of which 600 are currently used for crops, 400 are used in timberland and 500 are forest/wildlife. Assuming all taxes have been paid by the moment of purchase, what would be the approximate yearly tax if it is my place of residence? The current owners are asking £4.5 million.

ATED (Annual Tax on Enveloped Dwellings) only applies to £2 million (or higher value) properties owned by a company or collective investment, so if you are buying this property in your own name, there is no annual tax to pay. If you are planning to buy through a company, then ATED for a £4.5 million property is currently £15,000 per year. But ATED only applies to residential properties (dwellings). If a dwelling is part of a larger, mixed-use property that has parts not used for residential purposes, then only the residential part would have ATED payable on it.