Six ways to improve housing taxation around the world
“There is significant scope for countries to improve the design and functioning of housing taxes,” declares the OECD, as it advises high-income economies including the UK to cut residential transaction taxes and raise recurrent taxes on homes.
What to read next
Capital View: The global housing downturn will deepen – but this isn’t 2008
The US, UK, Canada, Australia, New Zealand, and Sweden are now all in the third stage of a property market downturn, suggests Neil Shearing, Group Chief Economist at Capital Economics.
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...