Britain has highest property taxes in developed world

stamp duty cut to push up prices
House prices likely to rise as a result of stamp duty cut

Analysis by the Organisation for Economic Co-operation and Development (OECD) shows that the UK now has the highest property taxes in the developed world, accounting for 12.7% of the total tax burden in 2014. The figure, which is for the latest year data is available, is up 0.3% percentage points on 2013.

The average of amongst OECD’s 35 members is 5.6%, which is less than half the UK figure.


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