Radical Property Tax Proposal Could Address Britain’s Housing Crisis
Experts argue that replacing stamp duty with an annual land value tax could rebalance the market.
Economists are calling for a major overhaul of Britain’s property tax system, suggesting that replacing stamp duty with a land value tax could help alleviate the nation’s housing crisis.
Advocates say such a move would discourage speculation, make homeownership more accessible, and generate more stable public revenue.
Critics warn, however, that the transition could be politically contentious and difficult to implement on a national scale.
Advocates say such a move would discourage speculation, make homeownership more accessible, and generate more stable public revenue.
Critics warn, however, that the transition could be politically contentious and difficult to implement on a national scale.
