A new briefing on property tax and housing affordability.

  •  A system of property taxation would increase the burden of taxation in high cost areas.
  •  However, we would expect house prices and rents to fall in response to this.
  •  Asset rich but income poor pensioners could be helped with a rebate system, or by deferring liability.
  •  Ultimately, the solution to housing affordability lies in improving supply, decentralising economic activity away from London, and boosting lower-end incomes.

See Briefing 4 on Resources page.