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Proposal for a proportional property tax to replace council tax

EDM (Early Day Motion) 77: tabled on 19 May 2021

Tabled in the 2021-22 session.

This motion has been signed by 12 Members. It has not yet had any amendments submitted.

Motion text

That this House supports the Government's proposals to rebalance the economy and promote the levelling up agenda; recognises the urgent need to reform the outdated system of council tax which is almost 30 years old and bears no resemblance to the current disparities of house prices; believes that council tax is an effective wealth tax for people living in modest homes placing the heaviest tax burden on young people, low-earners, and those living in less prosperous regions; supports the Fairer Share campaign to replace council tax and stamp duty with a progressive proportional property tax; notes that that campaign's proposed policy would be revenue neutral while lowering property taxes for 19 million households; welcomes that proposed policy's option of a deferral mechanism for a small minority of households who are asset rich but cash poor, allowing the tax to be paid upon a change of ownership; and calls on the Government to acknowledge the need for reform and to begin the preparations for a transition from council tax to a fair and progressive proportional property tax.