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

Senior Social Worker - Wolfson Unit

London Borough of Richmond upon Thames and London Borough of Wandsworth
£46,206 - £55,992
Senior Social Worker
Recuriter: London Borough of Richmond upon Thames and London Borough of Wandsworth

Assistant Highways Network Technician - WMF2343e

Westmorland and Furness Council
£26,403 - £26,824
This role will be part of the Network Team in the South Lakeland area based in Kendal. Kendal, Cumbria
Recuriter: Westmorland and Furness Council

Social Worker - Young People with Disabilities

Essex County Council
£37185.0000 - £50081.0000 per annum
Social Worker - Young People with DisabilitiesPermanent, Full Time£37,185 to £50,081 per annumLocation
Recuriter: Essex County Council

Social Worker - Family Support & Protection, West Essex

Essex County Council
£31931.0000 - £36423.0000 per annum
Social Worker - Family Support & Protection, West EssexPermanent, Full Time£31,931 to £36,423 per annumLocation
Recuriter: Essex County Council

Social Worker - Assessment & Intervention, North Essex

Essex County Council
£31931.0000 - £36423.0000 per annum
Social Worker - Assessment & Intervention, North EssexFixed Term, Full Time£34,904 to £50,081 per annumLocation
Recuriter: Essex County Council
Linkedin Banner