‘No radical change to property taxes’ expected in the March Budget
But major property tax reforms are on the cards longer-term... "Ministers and officials are looking at the tally of winners and losers from the abolition of council tax and stamp duty," reports the Sunday Times. "They would be replaced with a proportional property tax, levied on the existing values of homes."
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...
Property tax reforms slated for post-Budget ‘Tax Day’
The Government is planning to publish a batch of consultations on tax reform on 23rd March, a few weeks after Rishi Sunak's main Budget speech on Wednesday.
Budget 2021 date set for 3rd March
Chancellor Rishi Sunak will outline another round of fiscal policies before the scheduled end of the Stamp Duty holiday.
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