These are not actually property taxes. Stamp duty is like VAT, it’s a transaction tax and its rate is very low. You don’t pay stamp duty while owning a property. Council tax is a weird abomination and while it is linked to property value in theory, in practice you’ll pay the same amount if you live in a £1m house or £50m mansion. Business rates are for business, and property owners don’t pay them, only those who rent.
There are no property taxes in the UK. The current government is thinking about land tax, but we’ll see if it ever comes to fruition.
These are not actually property taxes. Stamp duty is like VAT, it’s a transaction tax and its rate is very low. You don’t pay stamp duty while owning a property. Council tax is a weird abomination and while it is linked to property value in theory, in practice you’ll pay the same amount if you live in a £1m house or £50m mansion. Business rates are for business, and property owners don’t pay them, only those who rent.
There are no property taxes in the UK. The current government is thinking about land tax, but we’ll see if it ever comes to fruition.