{"id":147504,"date":"2024-10-25T23:44:20","date_gmt":"2024-10-25T16:44:20","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/beware-the-fallout-from-a-tax-on-land-letters\/"},"modified":"2024-10-26T00:44:53","modified_gmt":"2024-10-25T17:44:53","slug":"beware-the-fallout-from-a-tax-on-land-letters","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/beware-the-fallout-from-a-tax-on-land-letters\/","title":{"rendered":"Beware the fallout from a tax on land | Letters"},"content":{"rendered":"


\nThe government should think twice before imposing a land tax says Sue Rumfitt Michael Meadowcroft asks why articles on the chancellor\u2019s tax-raising options omit the obvious possibility of taxing land (Letters, 21 October). Perhaps the answer is that our most recent venture into land tax was not a great success. Passing the budget that contained the measure \u2013 the Finance (1909-1910) Act 1910 \u2013 gave rise to a constitutional crisis, two elections and, it is frequently said, hastened the death of the king. The measures for tax on the incremental value of land were repealed in 1920 and, in what is surely an unusual step for any government, tax legitimately paid under the measure was repaid. The lesson might be that the still-incomplete reform of the House of Lords needs to be fully carried out before the current chancellor\u00a0chances her arm.Sue RumfittSheffield\u2022 Have an opinion on anything you\u2019ve read in the Guardian today? Please email us your letter and it will be considered for publication in our letters section. Continue reading…
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\nSource : theguardian.com
\nRead more…Beware the fallout from a tax on land | Letters<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The government should think twice before imposing a land tax says Sue Rumfitt Michael Meadowcroft...<\/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-147504","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-Cn6","jetpack-related-posts":[{"id":135989,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ppt-lvt-iht-which-is-fairer-than-council-tax-letters\/","url_meta":{"origin":147504,"position":0},"title":"PPT, LVT, IHT \u2013 which is fairer than council tax? | Letters","date":"April 18, 2023","format":false,"excerpt":"\r Carol 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\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":147504,"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":16504,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/saudi-cabinet-approves-land-tax-foreign-investment-rules\/","url_meta":{"origin":147504,"position":2},"title":"Saudi cabinet approves land tax, foreign investment rules","date":"June 14, 2016","format":false,"excerpt":"\r Saudi Arabia's cabinet approved a tax on undeveloped urban land and rules allowing foreign investors to own 100 per cent of retail and wholesale businesses, the official SPA news agency said on Monday.The 2.5 per cent annual tax on the value of undeveloped land designated for residential or commercial\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":25829,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wales-moves-to-replace-stamp-duty-with-new-land-transaction-tax\/","url_meta":{"origin":147504,"position":3},"title":"Wales moves to replace stamp duty with new land transaction tax","date":"September 12, 2016","format":false,"excerpt":"\r First Welsh tax for almost 800 years would be payable on purchase or lease of building or land over a certain price from April 2018 The first new Welsh tax for almost 800 years is to be outlined in a bill expected to be introduced on Monday. The land\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":53039,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/reform-property-laws-to-reduce-inequality-letters\/","url_meta":{"origin":147504,"position":4},"title":"Reform property laws to reduce inequality | Letters","date":"April 27, 2017","format":false,"excerpt":"\r \u00a0Ian Jack engagingly highlights the massive inequality being created by the inheritance of property (Property feeds the roots of inequality in Britain, 22 April), but does not say what can be done about it. Inheritance tax would be a good idea if people paid it, but they mostly don\u2019t.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":16498,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/thai-cabinet-approves-land-and-buildings-tax-what-now\/","url_meta":{"origin":147504,"position":5},"title":"Thai cabinet approves land and buildings tax \u2013 what now?","date":"June 14, 2016","format":false,"excerpt":"\r Experts have expressed some concern about the new tax policy Image credit: Acandco.com The land and buildings tax finally won approval from the Thai cabinet and it could generate as much as THB64 billion (USD1.82 billion), up from the current THB30 billion (USD851 million), for the government when it\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\/147504"}],"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=147504"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/147504\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=147504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=147504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=147504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}