Land Value Taxation Campaign

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Home Blog A useful suggestion in the right direction

A useful suggestion in the right direction

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FAIRER SHARE is a pressure group campaigning for a reform of UK property taxes, with Stamp Duty and Council Tax being replaced by a national property tax, with the amount payable being proportional to its value, and some other worthwhile changes to the existing system. You can read all about it on their web site. It is a welcome move in the right direction. It is not LVT, but take property taxation in the right direction. However, I think they would get more support if the proposal was for assessments based on rental values. Seilling prices are grotesquely inflated by low interest rates and lax lending policies, whereas rents have roughly kept in line with wage levels. A proposal based on rental values would draw the teeth from a lot of the opposition.

 

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