At the start of the season, Meadowbank Thistle were admitted to the league, expanding Division Two from 19 to 20 teams.

It was the final season of the old, two-division set up.

At the end of the season, the top ten teams in Division One formed the new Premier Division.

[1] This season also saw Celtic's record-breaking run of nine consecutive league championships come to an end when Rangers won the last Division One league title.

Champions: Rangers Relegated: See explanation above Champions: Falkirk Promotion / relegation: see explanation above * – aggregate over two legs† – trophy shared 1975 British Home Championship – Runner Up Key: