{"id":135989,"date":"2023-04-18T23:39:38","date_gmt":"2023-04-18T16:39:38","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ppt-lvt-iht-which-is-fairer-than-council-tax-letters\/"},"modified":"2023-04-18T23:50:22","modified_gmt":"2023-04-18T16:50:22","slug":"ppt-lvt-iht-which-is-fairer-than-council-tax-letters","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ppt-lvt-iht-which-is-fairer-than-council-tax-letters\/","title":{"rendered":"PPT, LVT, IHT \u2013 which is fairer than council tax? | Letters"},"content":{"rendered":"


\nCarol Wilcox, Jeremy Scroxton and Linda Buckingham respond to proposals to replace local government funding arrangementsRe Larry Elliott\u2019s article (A property tax based on annually uprated values would be a gamechanger, 9 April), a proportional property tax (PPT) is indeed fairer than council tax. In particular, it reverses the bizarre taxing of occupants rather than owners. But it wastes an opportunity to improve the whole UK property tax system. According to the Office for National Statistics, land value represents 60% of the UK\u2019s wealth, and 70% of the land is owned by 1% of the population.Concentrated land ownership is the driver of the UK\u2019s gross wealth inequality and housing misery for so many. Why should vast country estates and farms be inherited tax-free or bought by billionaires? No one made land \u2013 it is our common wealth, and a land value tax (LVT) is how it can be fairly shared. Continue reading…
\n
\nSource : theguardian.com
\nRead more…PPT, LVT, IHT \u2013 which is fairer than council tax? | Letters<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Carol Wilcox, Jeremy Scroxton and Linda Buckingham respond to proposals to replace local government funding...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-135989","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-znn","jetpack-related-posts":[{"id":142905,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/what-is-the-best-way-to-make-council-tax-fairer-for-everyone-letters\/","url_meta":{"origin":135989,"position":0},"title":"What is the best way to make council tax fairer for everyone? | Letters","date":"March 6, 2024","format":false,"excerpt":"\r Readers suggest ideas on how local authorities can raise funds, in response to an article by Aditya ChakraborttyThere are two caveats to Aditya Chakrabortty\u2019s excellent critique of the inequities of council tax (One simple change could restore faith in local democracy. But nobody is talking about it, 1 March).\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":73569,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tony-blair-backs-labours-land-value-tax-to-tackle-housing-crisis\/","url_meta":{"origin":135989,"position":1},"title":"Tony Blair backs Labour\u2019s \u2018land value tax\u2019 to tackle housing crisis","date":"December 3, 2017","format":false,"excerpt":"\r Endorsement of controversial measure is seen as attempt by former prime minister to re-engage with British politicsTony Blair is backing one of the most controversial measures raised in Labour\u2019s last manifesto, by supporting a new \u201cland value tax\u201d designed to help solve the housing crisis.The former prime minister said\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":166234,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/radical-reeves-the-chancellors-mansion-tax-is-a-small-but-brave-step-forward-phillip-inman\/","url_meta":{"origin":135989,"position":2},"title":"Radical Reeves? The chancellor\u2019s mansion tax is a small but brave step forward | Phillip Inman","date":"November 29, 2025","format":false,"excerpt":"\r The high-value council tax surcharge may only raise \u00a3400m but it\u2019s the best opportunity for a bigger, fairer tax on wealthRachel Reeves won little credit last week for lifting the lid on one of the most heated tax debates of the past three decades.Who in their right mind would\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":103865,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fairer-ways-to-tax-property-letters\/","url_meta":{"origin":135989,"position":3},"title":"Fairer ways to tax property | Letters","date":"February 11, 2019","format":false,"excerpt":"\r Council tax needs to be completely revamped, writes John Worrall \u2013 and so does stamp duty, says Martin WealeSure, it would be nice if local councils got a slice of stamp duty on property purchases in their areas (Tycoon\u2019s property spree prompts calls for taxes to stay local, 9\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":142130,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wales-has-been-brave-enough-to-completely-rethink-the-hated-council-tax-take-note-england-polly-toynbee\/","url_meta":{"origin":135989,"position":4},"title":"Wales has been brave enough to completely rethink the hated council tax. Take note, England | Polly Toynbee","date":"January 30, 2024","format":false,"excerpt":"\r The Senedd\u2019s plan to shift the burden of this levy away from those on lower incomes shows how real levelling up can workIt is the very worst of taxes. (Probably \u2013 there\u2019s tough competition for that title.) Council tax is, as it stands, \u201cindefensible\u201d says the Institute for Fiscal\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10134,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ten-things-you-need-to-know-about-tax\/","url_meta":{"origin":135989,"position":5},"title":"Ten things you need to know about tax","date":"May 9, 2012","format":false,"excerpt":"\r The UK's tax system is fiendishly complicated. Are we right to be outraged at how the rich avoid paying it? Why should we hand over our cash to the exchequer, is it right to punish pasty-lovers \u2013 and could we create a fairer system?'Taxes are the price we pay\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/135989"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=135989"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/135989\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=135989"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=135989"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=135989"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}