Scrap Stamp Duty and Council Tax to Fix London's Housing Crisis, Think Tank Says

Scrap stamp duty and council tax to fix London's housing crisis, think tank says

The Centre for London said replacing the two with an annual property wealth tax could help renters to save and encourage downsizing

Scrap stamp duty to fix London housing crisis, think tank says

A record number of Londoners are living in temporary accommodation as house prices soar to 12 times earnings

Plan put forward to axe stamp duty and council tax for some homes in England

A thinktank, Centre for London, has released a report which finds a levy on property wealth would free up homes, fund social housing and help renters save for deposits.

Stamp duty rethink could break London’s housing gridlock

A think tank has claimed abolishing council tax and stamp duty in London could help ease the capital’s housing crisis.  Rob Anderson, director of research at the Centre for London, said: ‘By every metric that matters, the housing crisis is at its worst.’ With this in mind, the think tank have come up with a way to improve the situation.  The Centre for London said scrapping council tax and stamp duty in London and replacing them with a new annua…

Scrapping stamp duty and council tax could fund additional 100,000 social homes over next decade, thinktank says

A new report has set out how scrapping stamp duty and council tax, and replacing them with a partly devolved annual proportional property tax, could pay for an additional 100,000 social homes over the next decade

Thinktank proposes property wealth tax for London housing

The Centre for London has proposed replacing stamp duty and council tax with an annual property wealth tax to address the capital's housing challenges. The thinktank estimates the proportional property tax system could fund 106,000 social and affordable homes over the next decade while encouraging downsizing and helping renters save for deposits. The post Thinktank proposes property wealth tax for London housing appeared first on PropertyWire.