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Showing posts with label SDLT politics economics. Show all posts
Showing posts with label SDLT politics economics. Show all posts

Sunday, 7 May 2017

ABOLISH STAMP DUTY and replace it with LVT

What is politically possible? Change the most hated taxes first:

Where is the best place to start on the long journey to implementing LVT?

Demanding total implementation of LVT straight away is totally unrealistic. No politician is going to back it. Instead, let’s be a bit crafty and look for an easy win — replace an unpopular tax on housing with a little bit of LVT.

There are many taxes on housing — Council Tax, Inheritance Tax, Capital Gains Tax, care home costs or Stamp Duty. Which tax is hated the most? 

This is what the great British public think about the fairness or unfairness of a selection of taxes[1].