Andy Burnham’s chronicles - Page 10

RichardCoulter · Today, 12:03

Quote:

Originally Posted by Jaymoss

Has his plans to possibly scrap council tax and stamp duty in favour of a tax on property or land @ 0.48% of value.

I do not see how this works for anyone. Stamp duty lost has to be made up so renters who do not own will have to be paying towards the loss and buyers who have already paid stamp duty will essentially be paying it again over and over

https://www.express.co.uk/news/polit...tax-new-charge

Most people will pay less overall. Renters won't be liable to pay anything, it will be the landlords responsibility, so I assume it will be like the General Rates was and will be included/reflected in the rent.

**Paul** · Today, 17:19

So for this to work, every property would have to be valued [again] every year ?

Personally, 0.48% of my (supposedly) current house value would be quite a reduction in tax.

... and who knows their "Land value".

---------- Post added at 18:19 ---------- Previous post was at 18:17 ----------

Another article on the same site suggests otherwise anyway.

Quote:

No 10 has denied the Government was considering replacing council tax and stamp duty with a tax based on property or land values. Downing Street said suggestions the Prime Minister is actively considering scrapping council tax or stamp duty are "not true".

https://www.express.co.uk/news/politics/2233054/

RichardCoulter · Today, 17:25

Quote:

Originally Posted by Paul

So for this to work, every property would have to be valued [again] every year ?

Personally, 0.48% of my (supposedly) current house value would be quite a reduction in tax.

... and who knows their "Land value".

---------- Post added at 18:19 ---------- Previous post was at 18:17 ----------

Another article on the same site suggests otherwise anyway.

https://www.express.co.uk/news/politics/2233054/

The idea is that each property is automatically revalued by using software, be it up or down, annually.

Interesting that it's been claimed that the PM isn't considering this after all.

papa smurf · Today, 17:34

if they are denying it then they are plotting it