UK property tax regime is ‘second worst’ in the world

Property portal 'asks the government to carefully consider the impact of any changes to property taxation to avoid unintended consequences.'

'The case for major reform of the whole property tax system – from Stamp Duty Land Tax to Inheritance Tax to Council Tax and VAT – is almost unarguable,' says Sir Vince Cable.

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.