Axe stamp duty? How Andy Burnham could change property tax

Axe stamp duty? How Andy Burnham could change property tax

UK property taxation has become a focal point in policy discussions as Andy Burnham examines options for generating revenue to support social care system improvements and increased defense spending. The current property tax framework comprises council tax, stamp duty land tax, and capital gains tax, generating substantial government revenue compared to other OECD nations. Council tax, based on 1991 property valuations divided into bands, faces w…