Proposed new £500k property tax would affect half of all London homes
'Any change from Stamp Duty to a homeowner tax would lift the upfront burden from the vast majority of buyers' across England & Wales, concludes eXp UK after checking Land Registry data.
Rumourmill Roundup: 7 big tax changes that could hit the property market this Autumn
A flurry of Treasury leaks & speculation surfaced over the summer holidays, including proposals to end Stamp Duty, extend CGT & IHT, and to introduce a new annual property tax.
Rightmove: How would a new national property tax or mansion tax affect the market?
Property portal 'asks the government to carefully consider the impact of any changes to property taxation to avoid unintended consequences.'
Rumourmill: Reeves mulls new property levy to replace stamp duty
Treasury said to be weighing charge on £500k+ homes, with council tax overhaul also on the table.
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