Think Tank Proposes Scrapping Stamp Duty, Council Tax to Fix London Housing Crisis
A think tank has proposed that scrapping stamp duty and council tax could effectively resolve London's housing crisis. The recommendation aims to address affordability and availability issues in the capital.
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Scrap stamp duty and council tax to fix London housing crisis, thinktank says
Centre for London report finds levy on property wealth would free up homes, fund social housing and help renters save for deposits Stamp duty should be scrapped and replaced with a new property wealth tax to fix London’s housing crisis, a leading thinktank has proposed. A report on the capital’s property market suggests an annual tax to replace the levy paid when buying a property and council tax would encourage downsizing and raise funds for social housing. It would also help renters to save...
By Anna White
Read full article →London housing crisis could be fixed by scrapping stamp duty and council tax, thinktank says
A record number of Londoners are living in temporary accommodation as house prices soar to 12 times earnings
By Holly Evans
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