PROPORTIONAL PROPERTY TAX -- PPT
A brilliant campaign for worthwhile improvements
From their Website Council tax is broken. Help us fix it. - Fairer Share Campaign
Here's the gist of what they propose (I'll add a version with comments later)
1. Council Tax to be replaced with a simple Proportional Property Tax, charged as a fixed flat percentage of property value of 0.48%, double that for second, empty and non-resident owned homes.2. Stamp Duty Land Tax (SDLT) on owner occupied property should be abolished. Stamp Duty should however remain in place for second home and non-resident buyers.3. Property tax should be collected directly from owners, not tenants.4. A deferral mechanism should be introduced for those owners genuinely unable to pay.5. The majority of reliefs and exemptions, including those for single occupants, second homes and empty homes be abolished. The ineffective and unfair “Bedroom Tax” should also be removed.
6. A revaluation of all residential property must take place as soon as possible, with annual revaluations thereafter, using technology, based on their average value across the last three years.7. Property tax should also apply to undeveloped plots of land that have received planning permission to encourage developers to get on with building not waiting for the value of the plot to increase.
--Whacking the likes of Carillion is always good fun. But why do they hoard land? Not just for the fun of it, so this proposal doesn't solve their underlying difficulties.