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