New national levy on homes worth over £500,00020 Aug 2025 20:58
Which would be one of the most significant changes to property taxation in decades, being considered by Labour and currently being modelled by Treasury officials! The measure could replace stamp duty on most sales and, in time, pave the way for council tax to be scrapped. according to The Guardian, ministers will consider the proposals in the run-up to the Autumn Budget. If adopted, the shift would alter how billions are raised for public services and determine who shoulders the heaviest burden in the housing market.