Proposals to the Labour party on possible reforms to the taxation of land would, if implemented, radically change the tax landscape.
In recent years, a number of significant changes have been made to the taxation of UK property. These reforms have included:
A report (entitled Land for the many) commissioned for the Labour party has been published, containing wide-ranging recommendations which, if implemented by a future Labour government, would radically change the way land is taxed in the UK. Proposals include:
The Labour party has not, as yet, given an official response to the report; however, with the possibility of a general election announcement at any time, it will be important for UK property owners to monitor what, if any, progress is made in respect of the proposals over the coming months and to consider their implications.
Nicholas Harries & Clare Wilson, Macfarlanes
Proposals to the Labour party on possible reforms to the taxation of land would, if implemented, radically change the tax landscape.
In recent years, a number of significant changes have been made to the taxation of UK property. These reforms have included:
A report (entitled Land for the many) commissioned for the Labour party has been published, containing wide-ranging recommendations which, if implemented by a future Labour government, would radically change the way land is taxed in the UK. Proposals include:
The Labour party has not, as yet, given an official response to the report; however, with the possibility of a general election announcement at any time, it will be important for UK property owners to monitor what, if any, progress is made in respect of the proposals over the coming months and to consider their implications.
Nicholas Harries & Clare Wilson, Macfarlanes