'Council tax & stamp duty are unpopular, unfair & impractical': Pressure builds for drastic property tax reform
A former advisor to Rishi Sunak - who also devised the Covid furlough scheme - has come up with 'a practical alternative to replace Stamp Duty & Council Tax'.
Inheritance Tax: IFS proposes major reform, including scrapping ‘special treatment’ of homes
Inheritance Tax payments will more than double over the next ten years, suggests the Institute for Fiscal Studies, as it pitches a significant rejig of the death tax regime.
The average Stamp Duty bill has escalated 490% in the last 25 years
Property price inflation has driven the average SDLT bill in England up from £601 in 1997 to £3,548 in 2021.
Treasury Committee rules out permanent Stamp Duty cut
"Any permanent cut or removal of SDLT would be likely to have a significant cost to the Exchequer," concludes HM Treasury.
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