A new property tax could be on the cards now that Andy Burnham is Prime Minister. He has long expressed support for a property tax overhaul, proposing a Land Value Tax (LVT) in 2010 when he first attempted to become Labour leader.
“The LVT, an annual tax on the market rental value of land, would allow for the abolition of stamp duty – a tax on the aspiration of young people to put down roots and get on with life,” he said.
More recently, he has repeated his calls for reform. “I’ve long been persuaded of the argument for…
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