End land tax

How about having no tax on buying or selling property? This might make it easier for owners and buyers to sell and buy their homes, or businesses, and help make the market more liquid. Taxes could be collected in diverse other ways that are more attractive and rewarding for the owners, such as when registering ownership details, or when validating sustainability/eco-efficiency values, etcetera.

Why the contribution is important

It potentially takes some of the financial strain out of the initial purchasing and selling process. There are potentially a number of ways of raising tax revenue that spread the overall costs over a period of time and enable checks and balances to be introduced which alleviate hardship for poorer people, whilst imposing more responsibility on better off people. 

 Both domestic and business property transactions could be changed.

by tiggy on September 23, 2016 at 11:09AM

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Comments

  • Posted by Puffeddragon October 13, 2016 at 10:09

    sorry but I don't agree with your idea to abolish to land tax, this is a long held principle and should be maintained. It is right to tax the sale of land and buildings and is a more equitable means of raising revenue than VAT that penalises those on the lowest incomes.
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