'A proportional property tax would be a disaster', warns Tory MP
"A proportional property tax would be a disaster" declares Anthony Browne - MP for South Cambridgeshire, a member of the Treasury Select Committee, and a former Europe correspondent at the Times and environment editor at the Observer - writing in The Spectator magazine.
What to read next
‘Time to tax the rich’: Campaigners pitch four proposals to curb the growing wealth divide
'Greater taxation of rich people is not the only answer to the inequality crisis, but it is a fundamental part of it,' says Oxfam.
Capital Gains Tax should be extended to nearly all homes, argues top think tank; here’s how it could work
Home-owners have benefitted from an "unearned, unequal and untaxed £3 trillion capital gains windfall" over the last 20 years, says the Resolution Foundation;
Budget 2021: Property industry reactions
"This Budget could be regarded as a reprieve for the housing industry," says one commentator, while others bemoan an "underwhelming" speech...
Most read
Super-prime broker Fatemi reports £700mn deal run
£100mn-plus sale among standout transactions as UK Sotheby's exec flags changing UHNW property tastes.
Industry Panel: How 15 prime resi leaders would redesign England’s property tax system
Exclusive PrimeResi survey finds most respondents favour shifting the tax burden away from transactions and towards property ownership - but opinion is split over abolishing SDLT altogether.
UK Sotheby’s adds new directors covering PCL & West London
Luxury brokerage extends recruitment drive across prime postcodes with brace of sales appointments.
‘Buyers today have more choice than ever before’: Savills global resi chief on the battle for international wealth
Interview: Victoria Garrett discusses London’s place on the world stage, Dubai’s next phase, the impact of tax & geopolitics, and how developers are catering to an increasingly discerning clientele.
How super-prime apartments played a key role in London’s £1bn Peninsula
HSH’s accounts reveal just how important the luxury resi element became to the landmark Hyde Park Corner project.
New homes specialist returns to Savills
Resi development sales consultant rejoins after three years with other agencies.
London’s property bubble has well and truly deflated, says UBS
UK capital sinks into low-risk territory a decade after topping global property danger list.
In Pictures: Inside Christian Bense’s new Park Hyatt show homes
South African designer kicks off series of interiors collaborations at new high-rise addition to London’s luxury branded resi scene.
Historic Yorkshire estate hits open market at £25k per month
Agency says it’s one of the first times a country estate of this calibre has been marketed in this way.
Investor snaps up nine Notting Hill flats in £11mn bulk deal
Agents flag renewed appetite for bulk resi acquisitions from overseas investors as prime London rents climb.
LATEST ARTICLES
Alexander Main brings in senior hire for big lettings push
Former Domus Nova & Foxtons operator joins line-up to lead ambitious two-year-old agency’s new division.
Where did the Knightsbridge buyer go? James Moran on PCL’s shifting geography
Middleton Advisors' London sales boss explores the changing fortunes of one of the capital’s most famous enclaves - and where today’s moneyed purchasers have been turning their attention.
‘Rural landlords are faced with a double whammy’: Research flags huge EPC upgrade premium for country homes
Countryside properties cost substantially more to bring up to EPC C than urban homes, according to an analysis of more than three million certificates.
New chapter for historic West End publishing HQ
Resi developer used the Bloomsbury building's former occupants as 'a distinctive starting point for the project.'
Property finance advisor reports 80% transaction jump
Three-year-old firm arranged £254mn of new lending in H1.