Laura Sharman 20 May 2021

Report makes case for Annual Proportional Property Tax system

Report makes case for Annual Proportional Property Tax system image

A think tank has argued council tax and stamp duty should be scrapped and replaced with an Annual Proportional Property Tax (APPT).

In a new report, Bright Blue said the current property taxation system in England is 'distortive and regressive'. It concludes that APPT would be the best replacement on both economic and political grounds.

Under the proposals, local authorities would be given the freedom to impose separate APPT tax rates from central Government to fund public services.

It also recommends a 25% surcharge for second home owners and a Development Levy set at 20% for the market price of new developments.

Ryan Shorthouse, chief executive of Bright Blue, said: 'The current property taxation system in England is regressive and distortive. It provides significant advantages to those who have - or are from families with - substantial wealth, and is quite punishing to those with relatively little.

'An annual proportionate property tax system would change that, making property tax liabilities much more manageable for those from modest backgrounds and areas.

'If the Government is serious about levelling up the country, it needs to focus on reforming this country’s taxation, not just spending. Now is the ideal time for the Government to introduce difficult, radical reforms to support people and places that have struggled in recent decades.'

SIGN UP
For your free daily news bulletin
Highways jobs

Business Support Officer (Museums & Galleries NPO)

Kirklees Metropolitan Council
£16,765 - £17,607
This is an exciting opportunity to support Kirklees Museums and Galleries in the development of its ambitious vision Kirklees, West Yorkshire
Recuriter: Kirklees Metropolitan Council

Higher Level Teaching Assistant

Durham County Council
£30,024 - £33,699 pro rata
Higher Level Teaching Assistant Grade 7 £30,024 - £33,699 pro rata Full time, term time only + 2 weeks Permanent Required from 3rd November.  We wish Stanley
Recuriter: Durham County Council

Team Leader - Communication and Interaction

Durham County Council
Leadership 6 - 10 £58,569 - £64,691
We are looking for a Team Leader to join our highly valued and well-established Specialist SEND and Inclusion Support (SIS) Service. This is an addit Spennymoor
Recuriter: Durham County Council

Senior Business Analyst

North Yorkshire Council
£47,181 - £51,356 per annum
Do you enjoy analysing problems, identifying opportunities, and delivering practical solutions? Scarborough, North Yorkshire
Recuriter: North Yorkshire Council

Senior Business Analyst

North Yorkshire Council
£47,181 - £51,356 per annum
Do you enjoy analysing problems, identifying opportunities, and delivering practical solutions? Selby, North Yorkshire
Recuriter: North Yorkshire Council
Linkedin Banner