Treasury officials consider shake-up that could see tax paid by sellers of homes worth more than £500,000

The government is considering a new national property tax as the first step towards a radical shake-up of stamp duty and council tax.

The discussions taking place at the Treasury – revealed by the Guardian on Monday – have already prompted much debate and, perhaps inevitably, led to an outcry in some quarters. Here we consider how the current system works and how it could change.

Continue reading…Property, Stamp duty, Council tax, Tax, House prices, Tax and spending, London, UK news, England, Northern Ireland, Money, Politics, BusinessRead More

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