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UK Treasury Mulls Over New Tax on Property Sales Exceeding £500,000
2025-08-18 /
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Author：小编
The UK Treasury is contemplating the imposition of a novel nationwide property tax on transactions involving properties valued above £500,000, with the objective of replacing the existing stamp duty. This tax would be borne by homeowners upon the sale of their primary residence, with the rate to be determined by the central government. It is anticipated that this tax will impact only approximately one-fifth of all property transactions. Furthermore, the government is actively exploring the feasibility of replacing council tax with a local property tax, aiming to alleviate the financial strain on local authorities.
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